CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 88.8% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 39,548 shares of the company’s stock after selling 313,575 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in CrowdStrike were worth $11,092,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Arlington Financial Advisors LLC boosted its stake in shares of CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after purchasing an additional 30 shares during the period. Saturna Capital Corp grew its stake in shares of CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after acquiring an additional 33 shares in the last quarter. Sunpointe LLC increased its position in shares of CrowdStrike by 3.1% during the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares during the last quarter. Means Investment CO. Inc. lifted its stake in shares of CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after acquiring an additional 35 shares in the last quarter. Finally, Interchange Capital Partners LLC boosted its holdings in CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $330.78 on Friday. The stock has a market cap of $81.08 billion, a price-to-earnings ratio of 479.39, a PEG ratio of 20.21 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a 12 month low of $189.12 and a 12 month high of $398.33. The stock’s 50 day moving average price is $287.38 and its 200 day moving average price is $308.22.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CRWD shares. Argus cut their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Oppenheimer cut their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft decreased their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Needham & Company LLC initiated coverage on CrowdStrike in a research note on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective on the stock. Finally, HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and lifted their target price for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 11,178 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.47, for a total value of $3,325,119.66. Following the completion of the transaction, the chief financial officer now owns 286,472 shares of the company’s stock, valued at $85,216,825.84. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock valued at $30,529,413 in the last quarter. Insiders own 4.34% of the company’s stock.

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.