CrowdStrike $CRWD Shares Sold by Choreo LLC

Choreo LLC cut its holdings in CrowdStrike (NASDAQ:CRWD) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,730 shares of the company’s stock after selling 165 shares during the quarter. Choreo LLC’s holdings in CrowdStrike were worth $4,445,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CRWD. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth $26,000. AlphaQuest LLC purchased a new stake in CrowdStrike during the second quarter worth about $26,000. Financial Gravity Companies Inc. acquired a new position in CrowdStrike during the second quarter worth about $33,000. Saudi Central Bank purchased a new position in CrowdStrike in the first quarter valued at about $34,000. Finally, Financial Management Professionals Inc. lifted its position in shares of CrowdStrike by 91.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after acquiring an additional 34 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 2.1%

Shares of CRWD stock opened at $501.54 on Thursday. The company has a market capitalization of $125.87 billion, a price-to-earnings ratio of -421.46, a PEG ratio of 120.40 and a beta of 1.16. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $511.66 and a 200 day moving average price of $476.13. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm’s revenue for the quarter was up 21.4% compared to the same quarter last year. During the same period last year, the company earned $1.04 EPS. Research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research reports. The Goldman Sachs Group upped their price target on CrowdStrike from $492.00 to $535.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Jefferies Financial Group upped their target price on CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, November 19th. UBS Group cut their price target on CrowdStrike from $545.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, August 28th. Canaccord Genuity Group boosted their price objective on shares of CrowdStrike from $430.00 to $500.00 and gave the stock a “hold” rating in a research report on Monday, September 22nd. Finally, Needham & Company LLC raised their target price on shares of CrowdStrike from $475.00 to $535.00 and gave the company a “buy” rating in a report on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, sixteen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $543.75.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 10,000 shares of the stock in a transaction on Friday, October 10th. The stock was sold at an average price of $515.00, for a total transaction of $5,150,000.00. Following the transaction, the president owned 354,116 shares of the company’s stock, valued at $182,369,740. This represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sameer K. Gandhi sold 5,000 shares of CrowdStrike stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $550.20, for a total value of $2,751,000.00. Following the completion of the sale, the director directly owned 765,456 shares of the company’s stock, valued at approximately $421,153,891.20. This represents a 0.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 116,622 shares of company stock valued at $58,561,456 in the last 90 days. Insiders own 3.32% of the company’s stock.

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.