Meiji Yasuda Life Insurance Co Sells 230 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meiji Yasuda Life Insurance Co trimmed its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 6,401 shares of the company’s stock after selling 230 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in CrowdStrike were worth $2,453,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of CRWD. Pathstone Holdings LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $450,418,000. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after acquiring an additional 1,028,405 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after acquiring an additional 564,662 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after acquiring an additional 477,706 shares during the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth approximately $100,459,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 0.3 %

Shares of NASDAQ:CRWD opened at $268.72 on Wednesday. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week high of $398.33. The stock has a market cap of $65.40 billion, a price-to-earnings ratio of 507.02, a PEG ratio of 16.14 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $271.34 and a 200-day moving average price of $312.95.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. Equities analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the transaction, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,219 shares of company stock worth $48,306,394. 4.34% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CRWD shares. BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. The Goldman Sachs Group decreased their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. TD Cowen decreased their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Redburn Atlantic lowered CrowdStrike from a “neutral” rating to a “sell” rating and decreased their target price for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. Finally, Truist Financial reaffirmed a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $327.16.

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.