Rathbones Group PLC Trims Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Key Points

• Rathbones Group PLC reduced its stake in CrowdStrike by 20.1%, owning 8,782 shares worth approximately $3,096,000 after selling 2,206 shares in the first quarter.
• Insider transactions included the sale of 51,714 shares by directors and executives, indicating decreased ownership among insiders, which now hold only 3.32% of the company.
• Equities analysts have raised their target prices for CrowdStrike, with Oppenheimer and DA Davidson setting targets at $520.00 and $530.00 respectively, showcasing a generally positive outlook for the stock's future performance.

Rathbones Group PLC reduced its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 20.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,782 shares of the company's stock after selling 2,206 shares during the period. Rathbones Group PLC's holdings in CrowdStrike were worth $3,096,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC grew its position in CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after acquiring an additional 2,417 shares in the last quarter. CreativeOne Wealth LLC grew its position in CrowdStrike by 28.5% in the 4th quarter. CreativeOne Wealth LLC now owns 5,994 shares of the company's stock valued at $2,051,000 after acquiring an additional 1,331 shares in the last quarter. Bridgewater Associates LP acquired a new position in CrowdStrike in the 4th quarter valued at about $4,600,000. Jump Financial LLC grew its position in CrowdStrike by 53.2% in the 4th quarter. Jump Financial LLC now owns 1,924 shares of the company's stock valued at $658,000 after acquiring an additional 668 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in CrowdStrike by 0.8% in the 4th quarter. Gabelli Funds LLC now owns 85,560 shares of the company's stock valued at $29,275,000 after acquiring an additional 665 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other news, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director owned 18,858 shares in the company, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the sale, the chief executive officer owned 2,132,887 shares of the company's stock, valued at $960,801,606.89. This trade represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 214,414 shares of company stock valued at $101,484,738. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $432.12 on Thursday. 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 twelve month low of $242.25 and a twelve month high of $517.98. The stock has a 50 day moving average of $474.36 and a two-hundred day moving average of $426.30. The stock has a market cap of $107.71 billion, a P/E ratio of -626.26 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 earnings per share. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. On average, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CRWD shares. Oppenheimer lifted their target price on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. DA Davidson lifted their target price on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Barclays set a $500.00 target price on CrowdStrike in a research report on Tuesday, June 3rd. Scotiabank lifted their target price on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Finally, Bank of America reaffirmed a "neutral" rating and issued a $470.00 target price (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

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.

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