CrowdStrike $CRWD Holdings Trimmed by Silvant Capital Management LLC

Silvant Capital Management LLC reduced its position in shares of CrowdStrike (NASDAQ:CRWD) by 15.9% during the second quarter, Holdings Channel.com reports. The fund owned 21,292 shares of the company’s stock after selling 4,031 shares during the quarter. Silvant Capital Management LLC’s holdings in CrowdStrike were worth $10,844,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Patron Partners LLC raised its holdings in shares of CrowdStrike by 2.1% in the 2nd quarter. Patron Partners LLC now owns 1,076 shares of the company’s stock worth $548,000 after purchasing an additional 22 shares in the last quarter. Real Talk Capital LLC boosted its holdings in CrowdStrike by 0.9% during the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company’s stock worth $963,000 after buying an additional 24 shares in the last quarter. Cladis Investment Advisory LLC grew its position in CrowdStrike by 1.5% in the first quarter. Cladis Investment Advisory LLC now owns 1,683 shares of the company’s stock worth $593,000 after buying an additional 25 shares during the last quarter. Eagle Wealth Strategies LLC increased its holdings in shares of CrowdStrike by 4.1% in the second quarter. Eagle Wealth Strategies LLC now owns 630 shares of the company’s stock valued at $321,000 after buying an additional 25 shares in the last quarter. Finally, OLD National Bancorp IN increased its holdings in shares of CrowdStrike by 3.6% in the second quarter. OLD National Bancorp IN now owns 728 shares of the company’s stock valued at $371,000 after buying an additional 25 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In related 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 completion of the sale, the president directly owned 354,116 shares in the company, valued at approximately $182,369,740. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 1,957 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.41, for a total value of $1,077,152.37. Following the completion of the transaction, the chief financial officer owned 218,467 shares in the company, valued at $120,246,421.47. This trade represents a 0.89% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 116,622 shares of company stock worth $58,561,456. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Price Performance

Shares of CRWD opened at $501.54 on Friday. The business’s 50-day moving average is $511.63 and its 200-day moving average is $476.30. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market capitalization of $125.87 billion, a price-to-earnings ratio of -421.46, a P/E/G ratio of 118.23 and a beta of 1.16. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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 was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.04 earnings per share. Equities research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CRWD shares. Bank of America raised their price objective on CrowdStrike from $470.00 to $535.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. Arete Research set a $706.00 target price on CrowdStrike in a report on Tuesday, October 28th. New Street Research set a $460.00 price target on CrowdStrike in a research note on Thursday, August 28th. Stifel Nicolaus upped their price objective on shares of CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Finally, Macquarie lifted their target price on shares of CrowdStrike from $465.00 to $485.00 and gave the stock a “neutral” rating in a research report on Friday, September 19th. Two analysts have rated the stock with a Strong Buy rating, thirty have assigned a Buy rating, fourteen have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $543.75.

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.