Forum Financial Management LP Cuts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Forum Financial Management LP decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.5% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,245 shares of the company’s stock after selling 45 shares during the quarter. Forum Financial Management LP’s holdings in CrowdStrike were worth $349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. Arlington Financial Advisors LLC boosted its stake in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after purchasing an additional 30 shares in the last quarter. Saturna Capital Corp grew its holdings in shares of CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after buying an additional 33 shares during the last quarter. Sunpointe LLC increased its position in shares of CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after acquiring an additional 34 shares during the period. Means Investment CO. Inc. raised its stake in CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after acquiring an additional 35 shares during the last quarter. Finally, Interchange Capital Partners LLC lifted its position in CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after acquiring an additional 39 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 1.4 %

Shares of NASDAQ:CRWD opened at $298.88 on Tuesday. The business has a 50-day moving average price of $285.51 and a 200 day moving average price of $307.96. CrowdStrike Holdings, Inc. has a 12-month low of $183.60 and a 12-month high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $73.26 billion, a price-to-earnings ratio of 433.16, a PEG ratio of 20.07 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was 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 directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 11,178 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.47, for a total value of $3,325,119.66. Following the transaction, the chief financial officer now directly owns 286,472 shares of the company’s stock, valued at approximately $85,216,825.84. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,212 shares of company stock valued at $30,529,413. 4.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CRWD. Morgan Stanley restated an “overweight” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Monday, September 9th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and upped their price objective for the company from $302.00 to $339.00 in a report on Friday, August 30th. Scotiabank reduced their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Finally, Needham & Company LLC initiated coverage on CrowdStrike in a research note on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike 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.