MAI Capital Management Trims Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MAI Capital Management trimmed 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 13F filing with the Securities and Exchange Commission. The firm owned 30,856 shares of the company’s stock after selling 195 shares during the period. MAI Capital Management’s holdings in CrowdStrike were worth $8,654,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike during the 2nd quarter worth about $25,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike during the third quarter worth about $28,000. Tsfg LLC raised its position in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares in the last quarter. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike in the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Trading Up 1.8 %

Shares of CRWD stock opened at $342.97 on Tuesday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The firm has a market cap of $84.07 billion, a PE ratio of 497.06, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10. The company has a 50-day moving average of $299.72 and a two-hundred day moving average of $310.63. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

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. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company posted $0.06 EPS. On average, analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent research reports. CICC Research began coverage on shares of CrowdStrike in a report on Monday. They set a “market perform” rating and a $295.00 target price for the company. Wells Fargo & Company decreased their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Raymond James lowered their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Finally, BMO Capital Markets boosted their price objective on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $331.90.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Corporate insiders own 4.34% of the company’s stock.

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.