Adero Partners LLC Sells 114 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Adero Partners LLC reduced its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,399 shares of the company’s stock after selling 114 shares during the period. Adero Partners LLC’s holdings in CrowdStrike were worth $2,356,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Quent Capital LLC grew its holdings in shares of CrowdStrike by 59.9% in the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after purchasing an additional 88 shares during the last quarter. First Foundation Advisors grew its holdings in shares of CrowdStrike by 22.7% in the first quarter. First Foundation Advisors now owns 265 shares of the company’s stock worth $85,000 after purchasing an additional 49 shares during the last quarter. Ontario Teachers Pension Plan Board bought a new position in shares of CrowdStrike in the first quarter worth approximately $273,000. Allstate Corp bought a new position in shares of CrowdStrike in the first quarter worth approximately $225,000. Finally, Edgestream Partners L.P. bought a new position in shares of CrowdStrike in the first quarter worth approximately $839,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the sale, the director now owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This represents a 0.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 in the last three months. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Price Performance

NASDAQ CRWD opened at $336.75 on Friday. CrowdStrike Holdings, Inc. has a one year low of $198.86 and a one year high of $398.33. The stock has a 50-day moving average of $297.79 and a 200 day moving average of $310.25. The company has a market capitalization of $82.55 billion, a price-to-earnings ratio of 488.04, a PEG ratio of 22.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.06 EPS. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CRWD shares. HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and raised their target price for the stock from $302.00 to $339.00 in a report on Friday, August 30th. Citigroup dropped their price target on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. DA Davidson reaffirmed a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a research note on Wednesday, September 18th. Finally, Wells Fargo & Company dropped their price target on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.