Kornitzer Capital Management Inc. KS Decreases Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kornitzer Capital Management Inc. KS lowered its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 55.8% in the second quarter, Holdings Channel reports. The firm owned 27,178 shares of the company’s stock after selling 34,250 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in CrowdStrike were worth $10,414,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Fisher Asset Management LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $533,000. Axxcess Wealth Management LLC acquired a new stake in CrowdStrike during the fourth quarter worth about $217,000. Private Advisor Group LLC raised its stake in CrowdStrike by 7.1% during the fourth quarter. Private Advisor Group LLC now owns 22,732 shares of the company’s stock worth $5,804,000 after purchasing an additional 1,506 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in CrowdStrike by 4.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 791,803 shares of the company’s stock valued at $202,163,000 after purchasing an additional 32,838 shares during the last quarter. Finally, Bogart Wealth LLC grew its stake in shares of CrowdStrike by 50.0% in the 4th quarter. Bogart Wealth LLC now owns 150 shares of the company’s stock valued at $38,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $256.43 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.80. CrowdStrike Holdings, Inc. has a 12 month low of $157.59 and a 12 month high of $398.33. The firm has a market capitalization of $62.41 billion, a P/E ratio of 483.83, a P/E/G ratio of 13.44 and a beta of 1.09. The company’s fifty day moving average price is $292.42 and its 200 day moving average price is $316.40.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 10,735 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 value of $4,086,063.05. Following the transaction, the president now directly owns 411,166 shares in the company, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CRWD shares. TD Cowen lowered their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Barclays lifted their price target on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Truist Financial restated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. Finally, DA Davidson lifted their target price on shares of CrowdStrike from $290.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $327.16.

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.