TD Asset Management Inc. trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 272,188 shares of the company’s stock after selling 6,052 shares during the quarter. TD Asset Management Inc. owned approximately 0.12% of CrowdStrike worth $37,377,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of CRWD. Jupiter Asset Management Ltd. acquired a new stake in shares of CrowdStrike during the third quarter worth $1,488,000. Fifth Third Bancorp lifted its stake in shares of CrowdStrike by 1,058.5% during the third quarter. Fifth Third Bancorp now owns 1,506 shares of the company’s stock worth $207,000 after buying an additional 1,376 shares during the period. Verdence Capital Advisors LLC acquired a new stake in shares of CrowdStrike during the third quarter worth $463,000. Tokio Marine Asset Management Co. Ltd. acquired a new stake in shares of CrowdStrike during the third quarter worth $437,000. Finally, Means Investment CO. Inc. acquired a new stake in shares of CrowdStrike during the third quarter worth $350,000. 62.22% of the stock is currently owned by institutional investors.
In other news, Director Sameer K. Gandhi sold 5,800 shares of the business’s stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $135.65, for a total transaction of $786,770.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Joseph E. Sexton sold 12,500 shares of the company’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $131.08, for a total transaction of $1,638,500.00. The disclosure for this sale can be found here. Insiders have sold 885,293 shares of company stock valued at $119,709,887 in the last three months. Corporate insiders own 11.32% of the company’s stock.
CRWD has been the subject of several research reports. Piper Sandler lifted their price objective on shares of CrowdStrike from $160.00 to $175.00 in a research note on Friday, October 16th. Royal Bank of Canada lifted their price objective on shares of CrowdStrike from $120.00 to $160.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. JMP Securities boosted their target price on shares of CrowdStrike from $130.00 to $160.00 and gave the company a “market outperform” rating in a research report on Thursday, September 3rd. UBS Group started coverage on shares of CrowdStrike in a research report on Friday, August 14th. They set a “buy” rating and a $120.00 target price for the company. Finally, Mizuho boosted their target price on shares of CrowdStrike from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, October 16th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $134.75.
CRWD stock opened at $145.72 on Friday. The stock has a market capitalization of $31.98 billion, a P/E ratio of -269.85 and a beta of 1.12. The firm has a 50-day simple moving average of $137.53 and a 200-day simple moving average of $113.46. CrowdStrike Holdings, Inc. has a 52 week low of $31.95 and a 52 week high of $153.90.
CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, September 2nd. The company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $198.97 million during the quarter, compared to analysts’ expectations of $188.56 million. CrowdStrike had a negative net margin of 17.27% and a negative return on equity of 14.99%. The company’s quarterly revenue was up 84.0% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.18) earnings per share. On average, equities research analysts expect that CrowdStrike Holdings, Inc. will post -0.52 earnings per share for the current year.
CrowdStrike Holdings, Inc provides cloud-delivered solutions for next-generation endpoint protection in the United States, Australia, Germany, India, Romania, and the United Kingdom. It offers 11 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as endpoint security, security and IT operations, and threat intelligence to deliver comprehensive breach protection even against today's most sophisticated attacks.
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