CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,379 shares of the company’s stock after selling 306 shares during the quarter. Amalgamated Bank’s holdings in CrowdStrike were worth $13,569,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $25,000. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter valued at $30,000. Itau Unibanco Holding S.A. purchased a new position in shares of CrowdStrike during the second quarter worth about $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike during the second quarter worth about $36,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at about $38,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of research reports. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. UBS Group cut their target price on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Susquehanna restated a “positive” rating and issued a $310.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, Needham & Company LLC started coverage on shares of CrowdStrike in a report on Monday, September 23rd. They issued a “buy” rating and a $360.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have given 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 $328.74.

CrowdStrike Trading Up 2.9 %

CrowdStrike stock opened at $307.58 on Wednesday. The stock has a 50-day moving average price of $286.26 and a 200 day moving average price of $308.14. CrowdStrike Holdings, Inc. has a 52 week low of $183.60 and a 52 week high of $398.33. The stock has a market cap of $75.40 billion, a PE ratio of 445.77, a P/E/G ratio of 20.50 and a beta of 1.10. 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 posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating 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 business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The company’s revenue was up 31.7% on a year-over-year basis. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 55,325 shares of the company’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 completion of the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. In related news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock worth $30,529,413 over the last quarter. 4.34% of the stock is currently owned by insiders.

CrowdStrike Company 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.