Mizuho Securities USA LLC Sells 2,815 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mizuho Securities USA LLC reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,972 shares of the company’s stock after selling 2,815 shares during the period. Mizuho Securities USA LLC’s holdings in CrowdStrike were worth $4,199,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CRWD. Jennison Associates LLC raised its stake in shares of CrowdStrike by 25.0% in the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after acquiring an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC lifted its stake in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the period. Assenagon Asset Management S.A. grew its stake in CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after buying an additional 371,695 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after acquiring an additional 242,052 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CRWD has been the topic of several research analyst reports. Scotiabank lowered their price target on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. BMO Capital Markets lifted their price target on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Susquehanna reaffirmed a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $334.33.

CrowdStrike Trading Up 2.1 %

CRWD stock opened at $357.55 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a market cap of $87.65 billion, a P/E ratio of 518.19, a PEG ratio of 23.89 and a beta of 1.10. The business has a fifty day moving average of $305.77 and a 200-day moving average of $311.53.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 8.44% and a net margin of 4.84%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by insiders.

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.