Circle Wealth Management LLC Trims Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Circle Wealth Management LLC lessened its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 43.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 13,171 shares of the company’s stock after selling 10,277 shares during the period. Circle Wealth Management LLC’s holdings in CrowdStrike were worth $3,694,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Atria Investments Inc grew its stake in shares of CrowdStrike by 10.0% during the first quarter. Atria Investments Inc now owns 11,117 shares of the company’s stock valued at $3,564,000 after buying an additional 1,010 shares during the last quarter. Burney Co. purchased a new stake in shares of CrowdStrike during the first quarter valued at $1,342,000. Transcend Capital Advisors LLC purchased a new position in CrowdStrike in the 2nd quarter worth about $229,000. Park Place Capital Corp lifted its holdings in CrowdStrike by 59.4% during the 2nd quarter. Park Place Capital Corp now owns 1,302 shares of the company’s stock valued at $499,000 after buying an additional 485 shares in the last quarter. Finally, Davis Capital Management bought a new position in CrowdStrike in the 2nd quarter worth about $129,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 0.5 %

CRWD stock opened at $345.97 on Friday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The firm has a market cap of $84.81 billion, a PE ratio of 678.39, a PEG ratio of 25.16 and a beta of 1.10. The firm’s 50 day moving average price is $315.80 and its 200-day moving average price is $313.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the business posted $0.06 EPS. The company’s revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several research analyst reports. Wells Fargo & Company increased their price objective on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday. Argus cut their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. Rosenblatt Securities boosted their price target on shares of CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a report on Monday, November 25th. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research note on Thursday, October 17th. Finally, Susquehanna boosted their price objective on shares of CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday. One 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.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $355.80.

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.