TD Asset Management Inc Cuts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

TD Asset Management Inc trimmed its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,401 shares of the company’s stock after selling 64,111 shares during the period. TD Asset Management Inc’s holdings in CrowdStrike were worth $109,129,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Hudson Value Partners LLC increased its position in shares of CrowdStrike by 80.1% during the 1st quarter. Hudson Value Partners LLC now owns 4,278 shares of the company’s stock valued at $1,371,000 after purchasing an additional 1,903 shares during the last quarter. Koshinski Asset Management Inc. increased its position in CrowdStrike by 82.9% during the first quarter. Koshinski Asset Management Inc. now owns 1,994 shares of the company’s stock valued at $639,000 after acquiring an additional 904 shares during the last quarter. Entropy Technologies LP raised its stake in shares of CrowdStrike by 142.9% in the first quarter. Entropy Technologies LP now owns 16,683 shares of the company’s stock valued at $5,348,000 after acquiring an additional 9,815 shares during the period. Baltimore Washington Financial Advisors Inc. bought a new stake in CrowdStrike in the first quarter worth about $1,791,000. Finally, Motley Fool Asset Management LLC lifted its stake in shares of CrowdStrike by 8.1% during the 1st quarter. Motley Fool Asset Management LLC now owns 7,123 shares of the company’s stock worth $2,284,000 after acquiring an additional 536 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the transaction, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,675 shares of company stock valued at $76,931,522. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Scotiabank decreased their price objective on shares of CrowdStrike from $400.00 to $393.00 and set a “sector outperform” rating for the company in a report on Wednesday, June 5th. Oppenheimer lifted their price objective on CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, June 5th. Canaccord Genuity Group upped their price objective on shares of CrowdStrike from $400.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. DA Davidson cut their target price on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Finally, Mizuho lowered their price target on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $379.00.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $16.66 during trading on Thursday, hitting $338.28. The stock had a trading volume of 2,835,237 shares, compared to its average volume of 4,082,803. The stock has a 50-day simple moving average of $361.49 and a two-hundred day simple moving average of $325.14. The stock has a market capitalization of $82.32 billion, a price-to-earnings ratio of 651.86, a price-to-earnings-growth ratio of 18.60 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12-month low of $140.52 and a 12-month high of $398.33. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. On average, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

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.