Aurora Investment Managers LLC. Reduces Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Aurora Investment Managers LLC. trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% during the third quarter, HoldingsChannel reports. The institutional investor owned 7,060 shares of the company’s stock after selling 114 shares during the period. CrowdStrike accounts for approximately 1.2% of Aurora Investment Managers LLC.’s portfolio, making the stock its 29th biggest position. Aurora Investment Managers LLC.’s holdings in CrowdStrike were worth $1,980,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after purchasing an additional 564,662 shares during the period. Acadian Asset Management LLC boosted its stake in CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after purchasing an additional 477,706 shares during the period. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares during the period. Principal Financial Group Inc. increased its holdings in shares of CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after purchasing an additional 242,052 shares in the last quarter. Finally, Swedbank AB purchased a new position in CrowdStrike during the 1st quarter valued at about $73,972,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on CRWD shares. Evercore ISI dropped their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Royal Bank of Canada lowered their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Truist Financial reiterated a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. Raymond James lowered their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, TD Cowen lowered their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-two have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

CrowdStrike Stock Down 0.5 %

CRWD traded down $1.51 during trading on Friday, hitting $308.83. The company had a trading volume of 387,531 shares, compared to its average volume of 5,188,900. The company has a market cap of $75.16 billion, a PE ratio of 585.55, a P/E/G ratio of 19.94 and a beta of 1.10. The business has a 50-day moving average of $274.87 and a 200-day moving average of $308.43. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a 1-year low of $170.17 and a 1-year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.06 earnings per share. As a group, analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 103,212 shares of company stock valued at $30,529,413. Company insiders own 4.34% of the company’s stock.

About CrowdStrike

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.