Oliver Lagore Vanvalin Investment Group Lowers Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Oliver Lagore Vanvalin Investment Group lowered its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,044 shares of the company’s stock after selling 729 shares during the period. Oliver Lagore Vanvalin Investment Group’s holdings in CrowdStrike were worth $1,550,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC purchased a new position in shares of CrowdStrike in the 2nd quarter worth about $43,147,000. Scientech Research LLC increased its holdings in CrowdStrike by 233.0% in the 2nd quarter. Scientech Research LLC now owns 12,009 shares of the company’s stock worth $4,602,000 after buying an additional 8,403 shares in the last quarter. Legal & General Group Plc raised its stake in CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after buying an additional 60,607 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of CrowdStrike by 26.0% in the second quarter. Mackenzie Financial Corp now owns 42,813 shares of the company’s stock worth $16,406,000 after acquiring an additional 8,841 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in shares of CrowdStrike by 418.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 133,260 shares of the company’s stock valued at $51,064,000 after acquiring an additional 107,543 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 1.6 %

Shares of CrowdStrike stock opened at $285.86 on Friday. The firm has a 50-day simple moving average of $259.63 and a two-hundred day simple moving average of $311.17. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a fifty-two week low of $160.86 and a fifty-two week high of $398.33. The company has a market cap of $69.57 billion, a P/E ratio of 539.36, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.06 earnings per share. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the sale, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The disclosure for this sale can be found here. Insiders have sold a total of 111,962 shares of company stock worth $34,477,948 over the last quarter. 4.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CRWD. Oppenheimer lowered their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and increased their price objective for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and lowered their target price for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. Deutsche Bank Aktiengesellschaft cut their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Finally, BMO Capital Markets upped their price objective on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $326.50.

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.