CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Sold by Sumitomo Mitsui DS Asset Management Company Ltd

Sumitomo Mitsui DS Asset Management Company Ltd cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 36.4% in the third quarter, Holdings Channel.com reports. The fund owned 28,947 shares of the company’s stock after selling 16,581 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in CrowdStrike were worth $7,114,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CRWD. Hoylecohen LLC increased its position in shares of CrowdStrike by 3.1% during the first quarter. Hoylecohen LLC now owns 2,525 shares of the company’s stock valued at $461,000 after acquiring an additional 75 shares during the last quarter. Thrivent Financial for Lutherans purchased a new position in shares of CrowdStrike in the first quarter valued at approximately $317,000. Oppenheimer Asset Management Inc. boosted its stake in shares of CrowdStrike by 10.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 3,089 shares of the company’s stock valued at $564,000 after purchasing an additional 287 shares during the period. B. Metzler seel. Sohn & Co. Holding AG boosted its stake in shares of CrowdStrike by 95.3% in the first quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 4,211 shares of the company’s stock valued at $769,000 after purchasing an additional 2,055 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in shares of CrowdStrike by 326.7% in the first quarter. Principal Financial Group Inc. now owns 76,400 shares of the company’s stock valued at $13,943,000 after purchasing an additional 58,494 shares during the period. Institutional investors and hedge funds own 61.61% of the company’s stock.

In related news, insider Shawn Henry sold 5,500 shares of CrowdStrike stock in a transaction dated Tuesday, August 31st. The stock was sold at an average price of $281.33, for a total transaction of $1,547,315.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 5,000 shares of the stock in a transaction on Friday, November 12th. The shares were sold at an average price of $283.25, for a total value of $1,416,250.00. The disclosure for this sale can be found here. Insiders have sold 156,899 shares of company stock worth $40,894,444 over the last three months. Corporate insiders own 8.64% of the company’s stock.

Several research firms have recently commented on CRWD. Piper Sandler raised their price objective on shares of CrowdStrike from $280.00 to $300.00 and gave the company an “overweight” rating in a research note on Wednesday, September 1st. Royal Bank of Canada raised their price objective on shares of CrowdStrike from $259.00 to $300.00 and gave the company an “outperform” rating in a research note on Monday, August 30th. BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of CrowdStrike from $320.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Summit Insights lifted their price target on shares of CrowdStrike from $275.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, August 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $291.61.

Shares of NASDAQ CRWD opened at $232.64 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $138.24 and a 1-year high of $298.48. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.98 and a quick ratio of 1.98. The business’s fifty day moving average price is $263.07 and its two-hundred day moving average price is $251.54. The firm has a market capitalization of $53.09 billion, a PE ratio of -280.29 and a beta of 1.34.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Monday, August 30th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. The company had revenue of $337.69 million for the quarter, compared to analyst estimates of $323.53 million. CrowdStrike had a negative return on equity of 13.86% and a negative net margin of 16.34%. The company’s quarterly revenue was up 69.7% compared to the same quarter last year. During the same period last year, the company earned $0.03 earnings per share. Equities research analysts expect that CrowdStrike Holdings, Inc. will post -0.53 earnings per share for the current fiscal year.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc is a holding company, which engages in the provision of cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. It operates through Domestic and International geographical segments.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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