Yousif Capital Management LLC cut its stake in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,176 shares of the company’s stock after selling 1,740 shares during the quarter. Yousif Capital Management LLC’s holdings in CrowdStrike were worth $13,817,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. AlphaQuest LLC bought a new stake in CrowdStrike during the 2nd quarter valued at $26,000. Howard Hughes Medical Institute purchased a new position in shares of CrowdStrike during the second quarter valued at $27,000. Financial Gravity Companies Inc. purchased a new position in shares of CrowdStrike during the second quarter valued at $33,000. Saudi Central Bank bought a new stake in shares of CrowdStrike in the first quarter valued at about $34,000. Finally, Financial Management Professionals Inc. lifted its stake in CrowdStrike by 91.9% in the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock worth $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 Stock Performance
Shares of CRWD stock opened at $483.14 on Tuesday. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The business’s fifty day simple moving average is $514.92 and its 200-day simple moving average is $482.53. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. The company has a market cap of $121.80 billion, a PE ratio of -383.44, a PEG ratio of 115.76 and a beta of 1.09.
Insider Buying and Selling at CrowdStrike
In related news, Director Johanna Flower sold 2,347 shares of CrowdStrike stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $490.98, for a total value of $1,152,330.06. Following the completion of the sale, the director directly owned 79,057 shares in the company, valued at $38,815,405.86. This trade represents a 2.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 1,879 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $527.51, for a total transaction of $991,191.29. Following the transaction, the director owned 763,027 shares in the company, valued at $402,504,372.77. The trade was a 0.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 78,264 shares of company stock valued at $40,332,854. Insiders own 3.32% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have commented on CRWD shares. Rosenblatt Securities reissued a “buy” rating and set a $630.00 target price on shares of CrowdStrike in a research report on Wednesday, December 3rd. KeyCorp increased their price objective on shares of CrowdStrike from $510.00 to $570.00 and gave the company an “overweight” rating in a research note on Monday, December 1st. Stifel Nicolaus boosted their price objective on shares of CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, November 17th. BMO Capital Markets increased their target price on CrowdStrike from $500.00 to $555.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Finally, BTIG Research reiterated a “buy” rating and issued a $640.00 price target on shares of CrowdStrike in a report on Wednesday, December 3rd. One research analyst has rated the stock with a Strong Buy rating, thirty-two have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $555.10.
Check Out Our Latest Analysis on CRWD
About CrowdStrike
CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.
The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.
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