ClariVest Asset Management LLC Sells 90 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

ClariVest Asset Management LLC trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.9% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 4,608 shares of the company’s stock after selling 90 shares during the period. ClariVest Asset Management LLC’s holdings in CrowdStrike were worth $1,766,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at approximately $30,000. Family Firm Inc. bought a new position in CrowdStrike in the 2nd quarter valued at $30,000. Johnson Financial Group Inc. bought a new position in CrowdStrike in the 4th quarter valued at $31,000. Northwest Bank & Trust Co bought a new stake in shares of CrowdStrike during the 4th quarter worth $32,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth about $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on CRWD shares. FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada reduced their target price on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. DA Davidson lifted their price target on shares of CrowdStrike from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Citigroup reduced their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Finally, JPMorgan Chase & Co. lowered their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $327.16.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $253.53 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week high of $398.33. The company has a fifty day moving average of $281.35 and a 200-day moving average of $314.61. The stock has a market capitalization of $61.70 billion, a price-to-earnings ratio of 478.36, a price-to-earnings-growth ratio of 15.68 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results 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. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the sale, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock worth $48,856,294 in the last ninety days. 4.34% of the stock is owned by company insiders.

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.