L & S Advisors Inc Sells 5,745 Shares of CrowdStrike $CRWD

L & S Advisors Inc lowered its stake in CrowdStrike (NASDAQ:CRWD) by 47.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,454 shares of the company’s stock after selling 5,745 shares during the quarter. L & S Advisors Inc’s holdings in CrowdStrike were worth $3,165,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CRWD. Asset Planning Inc bought a new position in CrowdStrike during the 3rd quarter worth about $25,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of CrowdStrike during the third quarter worth about $25,000. AlphaQuest LLC bought a new position in shares of CrowdStrike during the second quarter worth about $26,000. Howard Hughes Medical Institute acquired a new stake in CrowdStrike in the 2nd quarter valued at approximately $27,000. Finally, Pinnacle Bancorp Inc. bought a new stake in CrowdStrike in the 3rd quarter valued at approximately $27,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $415.76 on Thursday. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The firm has a market capitalization of $104.81 billion, a price-to-earnings ratio of -329.97, a P/E/G ratio of 23.71 and a beta of 1.03. The stock’s 50 day moving average price is $454.68 and its two-hundred day moving average price is $472.59. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’s revenue was up 21.8% compared to the same quarter last year. On average, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 7,871 shares of the stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $415.78, for a total value of $3,272,604.38. Following the transaction, the chief financial officer directly owned 169,613 shares of the company’s stock, valued at $70,521,693.14. This represents a 4.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 836 shares of the firm’s stock in a transaction that occurred on Wednesday, December 24th. The stock was sold at an average price of $476.83, for a total transaction of $398,629.88. Following the sale, the chief accounting officer owned 43,726 shares of the company’s stock, valued at $20,849,868.58. This trade represents a 1.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,247 shares of company stock worth $45,722,274 in the last ninety days. Insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CRWD shares. Scotiabank reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Wednesday, December 3rd. TD Cowen restated a “buy” rating on shares of CrowdStrike in a report on Thursday, January 8th. Arete Research set a $706.00 target price on CrowdStrike in a report on Tuesday, October 28th. DA Davidson reissued a “buy” rating and set a $580.00 price target on shares of CrowdStrike in a research report on Wednesday, December 3rd. Finally, UBS Group boosted their price target on CrowdStrike from $580.00 to $590.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Thirty equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $550.09.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.