CrowdStrike $CRWD Shares Sold by American Century Companies Inc.

Key Points

• American Century Companies Inc. reduced its stake in CrowdStrike by 11.1%, selling 73,280 shares, bringing their total ownership to about 0.24% of the company, valued at approximately $205.9 million.
• In contrast, several hedge funds increased their positions in CrowdStrike, with Vanguard Group raising its stake by 4.1% and Goldman Sachs increasing by 39.9%.
• Analysts' ratings for CrowdStrike are mixed, with one sell rating, twenty-six buy ratings, and an average price target set at $461.17, reflecting a general optimism despite some cautions.

American Century Companies Inc. cut its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 583,962 shares of the company's stock after selling 73,280 shares during the quarter. American Century Companies Inc. owned approximately 0.24% of CrowdStrike worth $205,893,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC grew its position in shares of CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Bridgewater Associates LP purchased a new position in shares of CrowdStrike during the fourth quarter valued at about $4,600,000. Jump Financial LLC grew its position in CrowdStrike by 53.2% in the fourth quarter. Jump Financial LLC now owns 1,924 shares of the company's stock worth $658,000 after acquiring an additional 668 shares in the last quarter. NewEdge Advisors LLC grew its position in CrowdStrike by 9.8% in the fourth quarter. NewEdge Advisors LLC now owns 20,709 shares of the company's stock worth $7,086,000 after acquiring an additional 1,847 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in CrowdStrike by 4.0% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 262,576 shares of the company's stock worth $89,770,000 after acquiring an additional 10,194 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the sale, the director directly owned 774,761 shares of the company's stock, valued at approximately $346,387,895.49. This trade represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,414 shares of company stock worth $101,484,738 in the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

CRWD traded up $3.04 during midday trading on Friday, hitting $427.90. 2,262,855 shares of the company were exchanged, compared to its average volume of 2,703,951. The company's 50 day simple moving average is $472.79 and its 200 day simple moving average is $427.21. The firm has a market capitalization of $106.65 billion, a price-to-earnings ratio of -620.14 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1-year low of $242.25 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. As a group, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

CRWD has been the subject of several recent research reports. The Goldman Sachs Group lifted their price target on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. JMP Securities reiterated a "market outperform" rating and issued a $500.00 price target on shares of CrowdStrike in a research report on Wednesday, June 4th. Jefferies Financial Group lifted their price target on CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Morgan Stanley reiterated an "equal weight" rating and issued a $495.00 price target (up previously from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. Finally, Stifel Nicolaus lifted their price target on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike 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.