Freedom Investment Management Inc. Decreases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Freedom Investment Management Inc. reduced its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,300 shares of the company’s stock after selling 349 shares during the period. Freedom Investment Management Inc.’s holdings in CrowdStrike were worth $926,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the second quarter valued at approximately $25,000. Family Firm Inc. acquired a new stake in CrowdStrike during the 2nd quarter valued at $30,000. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike during the 2nd quarter worth $33,000. Unique Wealth Strategies LLC acquired a new position in CrowdStrike in the 2nd quarter worth $36,000. Finally, Hobbs Group Advisors LLC purchased a new position in CrowdStrike in the 2nd quarter valued at about $38,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Down 4.6 %

CrowdStrike stock opened at $347.59 on Friday. The firm has a market cap of $85.20 billion, a price-to-earnings ratio of 503.75, a price-to-earnings-growth ratio of 26.33 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. The firm’s 50 day moving average price is $314.88 and its two-hundred day moving average price is $313.01. 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 earnings per share (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 analyst estimates of $958.27 million. During the same period in the previous year, the firm earned $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, research analysts predict that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 in the last quarter. 4.34% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird lifted their target price on CrowdStrike from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Cowen cut their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Barclays increased their target price on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Evercore ISI lifted their price target on shares of CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, CICC Research assumed coverage on shares of CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $355.80.

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.