Mediolanum International Funds Ltd Decreases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mediolanum International Funds Ltd decreased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 56,155 shares of the company’s stock after selling 1,897 shares during the period. Mediolanum International Funds Ltd’s holdings in CrowdStrike were worth $16,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the 2nd quarter worth approximately $25,000. Family Firm Inc. acquired a new position in shares of CrowdStrike during the second quarter worth $30,000. Itau Unibanco Holding S.A. purchased a new position in shares of CrowdStrike in the second quarter valued at $33,000. Unique Wealth Strategies LLC purchased a new stake in CrowdStrike during the 2nd quarter worth $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike during the 1st quarter worth $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Rosenblatt Securities restated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. UBS Group cut their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. TD Cowen dropped their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. BMO Capital Markets increased their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Robert W. Baird decreased their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This 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 worth $30,529,413 over the last 90 days. 4.34% of the stock is owned by company insiders.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $5.34 during trading on Friday, hitting $309.81. The company had a trading volume of 703,184 shares, compared to its average volume of 5,129,963. CrowdStrike Holdings, Inc. has a 52 week low of $170.17 and a 52 week high of $398.33. The business’s 50-day moving average is $280.61 and its 200 day moving average is $308.07. The company has a market cap of $75.40 billion, a P/E ratio of 584.92, a PEG ratio of 19.94 and a beta of 1.10. 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 (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

About CrowdStrike

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.