Assenagon Asset Management S.A. Has $6.52 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Assenagon Asset Management S.A. trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 67.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,543 shares of the company’s stock after selling 80,402 shares during the period. Assenagon Asset Management S.A.’s holdings in CrowdStrike were worth $6,517,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CRWD. Fairfield Bush & CO. acquired a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $654,000. MetLife Investment Management LLC acquired a new stake in CrowdStrike during the 1st quarter worth approximately $2,930,000. Yousif Capital Management LLC raised its holdings in CrowdStrike by 4.3% during the 1st quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock worth $666,000 after buying an additional 120 shares during the period. Raymond James Trust N.A. raised its holdings in CrowdStrike by 37.3% during the 1st quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock worth $643,000 after buying an additional 769 shares during the period. Finally, Synovus Financial Corp raised its holdings in CrowdStrike by 14.4% during the 1st quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock worth $658,000 after buying an additional 369 shares during the period. 65.05% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley dropped their target price on shares of CrowdStrike from $190.00 to $172.00 and set an “overweight” rating on the stock in a report on Wednesday, November 30th. Evercore ISI assumed coverage on shares of CrowdStrike in a report on Thursday, October 6th. They set an “outperform” rating and a $250.00 target price on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of CrowdStrike from $230.00 to $150.00 and set a “buy” rating on the stock in a report on Wednesday, November 30th. Redburn Partners initiated coverage on shares of CrowdStrike in a report on Thursday, December 1st. They set a “buy” rating and a $175.00 target price on the stock. Finally, MKM Partners lowered their price objective on shares of CrowdStrike from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday, November 30th. Four investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.83.

Insider Transactions at CrowdStrike

In other news, Director Roxanne S. Austin bought 35,000 shares of the company’s stock in a transaction dated Thursday, January 5th. The stock was bought at an average price of $96.19 per share, with a total value of $3,366,650.00. Following the completion of the acquisition, the director now owns 100,419 shares of the company’s stock, valued at $9,659,303.61. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Roxanne S. Austin purchased 35,000 shares of the company’s stock in a transaction that occurred on Thursday, January 5th. The stock was acquired at an average price of $96.19 per share, with a total value of $3,366,650.00. Following the completion of the purchase, the director now directly owns 100,419 shares in the company, valued at $9,659,303.61. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 51,010 shares of the business’s stock in a transaction dated Wednesday, December 21st. The shares were sold at an average price of $107.36, for a total value of $5,476,433.60. Following the completion of the transaction, the chief executive officer now directly owns 930,164 shares of the company’s stock, valued at approximately $99,862,407.04. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 109,252 shares of company stock valued at $11,807,218. 6.82% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 0.2 %

CRWD stock opened at $94.72 on Monday. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.76 and a quick ratio of 1.76. The company has a fifty day moving average price of $122.96 and a two-hundred day moving average price of $158.37. CrowdStrike Holdings, Inc. has a one year low of $92.26 and a one year high of $242.00. The stock has a market cap of $22.20 billion, a price-to-earnings ratio of -123.01 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD – Get Rating) last posted its earnings results on Tuesday, November 29th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.23) by $0.03. CrowdStrike had a negative return on equity of 11.79% and a negative net margin of 8.73%. The company had revenue of $580.88 million during the quarter, compared to the consensus estimate of $574.65 million. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post -0.55 EPS for the current year.

About CrowdStrike

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CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.