Migdal Insurance & Financial Holdings Ltd. Cuts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Migdal Insurance & Financial Holdings Ltd. lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 85.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,334 shares of the company’s stock after selling 71,436 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in CrowdStrike were worth $3,159,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Fairfield Bush & CO. purchased a new position in shares of CrowdStrike in the 1st quarter valued at about $654,000. MetLife Investment Management LLC purchased a new position in shares of CrowdStrike in the 1st quarter valued at about $2,930,000. Yousif Capital Management LLC increased its holdings in shares of CrowdStrike by 4.3% in the 1st quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock valued at $666,000 after purchasing an additional 120 shares in the last quarter. Raymond James Trust N.A. grew its stake in CrowdStrike by 37.3% in the 1st quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock valued at $643,000 after acquiring an additional 769 shares during the last quarter. Finally, Synovus Financial Corp grew its stake in CrowdStrike by 14.4% in the 1st quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock valued at $658,000 after acquiring an additional 369 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD traded down $4.23 during midday trading on Wednesday, hitting $294.92. 1,521,558 shares of the stock traded hands, compared to its average volume of 3,635,552. CrowdStrike Holdings, Inc. has a 1-year low of $115.67 and a 1-year high of $365.00. The firm has a market capitalization of $71.33 billion, a PE ratio of 822.30, a price-to-earnings-growth ratio of 11.98 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.76 and a current ratio of 1.76. The business’s 50 day moving average price is $319.71 and its two-hundred day moving average price is $262.47.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. CrowdStrike had a net margin of 2.92% and a return on equity of 6.09%. The business had revenue of $845.34 million for the quarter, compared to analysts’ expectations of $839.08 million. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 1.12 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,019 shares of CrowdStrike stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $325.80, for a total transaction of $331,990.20. Following the sale, the chief accounting officer now directly owns 36,136 shares in the company, valued at $11,773,108.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 78,080 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $326.78, for a total value of $25,514,982.40. Following the sale, the chief executive officer now directly owns 1,148,102 shares in the company, valued at $375,176,771.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,019 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $325.80, for a total transaction of $331,990.20. Following the completion of the sale, the chief accounting officer now owns 36,136 shares in the company, valued at $11,773,108.80. The disclosure for this sale can be found here. Insiders have sold a total of 219,544 shares of company stock worth $70,878,772 over the last ninety days. 5.68% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Truist Financial increased their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Needham & Company LLC increased their price objective on shares of CrowdStrike from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Monday, March 4th. Robert W. Baird increased their price objective on shares of CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. JMP Securities increased their price objective on shares of CrowdStrike from $330.00 to $400.00 and gave the company a “market outperform” rating in a research note on Wednesday, March 6th. Finally, KeyCorp raised their price target on shares of CrowdStrike from $375.00 to $430.00 and gave the stock an “overweight” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $373.29.

About CrowdStrike

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.