Howe & Rusling Inc. Sells 2,390 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Howe & Rusling Inc. cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 14.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,240 shares of the company’s stock after selling 2,390 shares during the period. Howe & Rusling Inc.’s holdings in CrowdStrike were worth $2,383,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Coppell Advisory Solutions Corp. purchased a new position in shares of CrowdStrike in the fourth quarter worth $25,000. Blue Bell Private Wealth Management LLC boosted its holdings in shares of CrowdStrike by 173.1% in the second quarter. Blue Bell Private Wealth Management LLC now owns 213 shares of the company’s stock worth $31,000 after buying an additional 135 shares during the last quarter. Gradient Investments LLC grew its position in CrowdStrike by 1,818.2% during the third quarter. Gradient Investments LLC now owns 211 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the period. Coppell Advisory Solutions LLC purchased a new stake in CrowdStrike during the second quarter valued at approximately $36,000. Finally, Householder Group Estate & Retirement Specialist LLC bought a new position in CrowdStrike in the third quarter worth approximately $43,000. Hedge funds and other institutional investors own 63.53% of the company’s stock.

CrowdStrike Price Performance

NASDAQ CRWD traded up $5.26 during trading hours on Thursday, reaching $323.04. The company’s stock had a trading volume of 2,492,448 shares, compared to its average volume of 3,211,841. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.74 and a quick ratio of 1.74. CrowdStrike Holdings, Inc. has a 1-year low of $107.60 and a 1-year high of $323.93. The company’s 50-day moving average is $268.84 and its two-hundred day moving average is $206.08. The firm has a market capitalization of $77.58 billion, a price-to-earnings ratio of -5,359.11, a P/E/G ratio of 9.12 and a beta of 1.06.

CrowdStrike (NASDAQ:CRWDGet Free Report) last posted its quarterly earnings data on Tuesday, November 28th. The company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. CrowdStrike had a negative net margin of 0.42% and a positive return on equity of 1.11%. The company had revenue of $786.01 million during the quarter, compared to analysts’ expectations of $777.30 million. During the same period in the prior year, the business posted ($0.20) earnings per share. The firm’s revenue for the quarter was up 35.3% on a year-over-year basis. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on CRWD. DZ Bank assumed coverage on CrowdStrike in a research note on Wednesday, October 18th. They issued a “buy” rating and a $215.00 price objective for the company. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Wednesday, January 17th. Susquehanna began coverage on shares of CrowdStrike in a report on Friday, December 15th. They issued a “positive” rating and a $330.00 target price for the company. BMO Capital Markets increased their target price on CrowdStrike from $238.00 to $270.00 and gave the company an “outperform” rating in a research report on Friday, December 15th. Finally, Argus started coverage on shares of CrowdStrike in a research note on Thursday, October 19th. They set a “buy” rating and a $220.00 price target on the stock. One analyst has rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $242.61.

Check Out Our Latest Analysis on CrowdStrike

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 22,123 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $286.00, for a total value of $6,327,178.00. Following the completion of the sale, the president now owns 311,872 shares in the company, valued at approximately $89,195,392. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, President Michael Sentonas sold 22,123 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $286.00, for a total transaction of $6,327,178.00. Following the completion of the sale, the president now directly owns 311,872 shares in the company, valued at $89,195,392. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,399 shares of CrowdStrike stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $254.75, for a total transaction of $356,395.25. Following the sale, the chief accounting officer now directly owns 37,155 shares in the company, valued at approximately $9,465,236.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 304,050 shares of company stock valued at $76,269,651. Corporate insiders own 5.68% of the company’s stock.

About CrowdStrike

(Free Report)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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