CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Lowered by Sykon Capital LLC

Sykon Capital LLC cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,669 shares of the company’s stock after selling 382 shares during the period. Sykon Capital LLC’s holdings in CrowdStrike were worth $1,406,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the stock. TradeLink Capital LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at $958,000. Executive Wealth Management LLC increased its position in CrowdStrike by 3.4% during the second quarter. Executive Wealth Management LLC now owns 2,265 shares of the company’s stock worth $868,000 after buying an additional 74 shares during the last quarter. Meeder Advisory Services Inc. raised its holdings in CrowdStrike by 35.9% during the second quarter. Meeder Advisory Services Inc. now owns 6,002 shares of the company’s stock valued at $2,300,000 after buying an additional 1,584 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its position in shares of CrowdStrike by 4.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 437,002 shares of the company’s stock worth $170,748,000 after buying an additional 19,686 shares during the last quarter. Finally, Oppenheimer & Co. Inc. boosted its stake in shares of CrowdStrike by 24.1% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 50,501 shares of the company’s stock worth $19,351,000 after acquiring an additional 9,808 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 1.4 %

NASDAQ:CRWD opened at $257.10 on Friday. The firm has a market capitalization of $63.02 billion, a price-to-earnings ratio of 485.10, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1-year low of $157.59 and a 1-year high of $398.33. The business’s 50-day moving average price is $278.75 and its two-hundred day moving average price is $314.21. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

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 the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for 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 company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Activity at CrowdStrike

In related news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Michael Sentonas sold 10,735 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the sale, the president now 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 90 days, insiders sold 130,219 shares of company stock valued at $48,856,294. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of recent analyst reports. Scotiabank cut their price objective on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Rosenblatt Securities dropped their target price on shares of CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Finally, Morgan Stanley restated an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a report on Monday. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $327.16.

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.