Edmond DE Rothschild Holding S.A. Sells 21,307 Shares of CrowdStrike $CRWD

Edmond DE Rothschild Holding S.A. lowered its position in shares of CrowdStrike (NASDAQ:CRWD) by 80.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,233 shares of the company’s stock after selling 21,307 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in CrowdStrike were worth $2,665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC boosted its holdings in CrowdStrike by 16.8% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 40,970 shares of the company’s stock worth $20,866,000 after buying an additional 5,883 shares during the period. Quadcap Wealth Management LLC raised its holdings in CrowdStrike by 12.1% during the second quarter. Quadcap Wealth Management LLC now owns 639 shares of the company’s stock valued at $325,000 after acquiring an additional 69 shares during the period. CreativeOne Wealth LLC lifted its position in shares of CrowdStrike by 4.3% in the second quarter. CreativeOne Wealth LLC now owns 6,941 shares of the company’s stock valued at $3,535,000 after acquiring an additional 287 shares in the last quarter. Maripau Wealth Management LLC bought a new position in shares of CrowdStrike in the second quarter worth about $239,000. Finally, Ameritas Investment Partners Inc. boosted its stake in shares of CrowdStrike by 5.1% in the second quarter. Ameritas Investment Partners Inc. now owns 10,506 shares of the company’s stock worth $5,351,000 after acquiring an additional 509 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

CrowdStrike stock opened at $512.34 on Wednesday. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $510.53 and its 200 day moving average is $475.95. The company has a market cap of $128.58 billion, a price-to-earnings ratio of -430.53, a PEG ratio of 119.10 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm posted $1.04 EPS. The business’s quarterly revenue was up 21.4% on a year-over-year basis. Sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Zacks Research cut CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. DZ Bank downgraded shares of CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 target price on the stock. in a report on Wednesday, September 24th. Arete Research set a $706.00 target price on shares of CrowdStrike in a research report on Tuesday, October 28th. Berenberg Bank started coverage on shares of CrowdStrike in a report on Tuesday, November 18th. They issued a “hold” rating and a $600.00 price target on the stock. Finally, Morgan Stanley boosted their price target on shares of CrowdStrike from $475.00 to $515.00 and gave the stock an “equal weight” rating in a research note on Thursday, November 13th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $539.38.

Insider Activity at CrowdStrike

In other news, Director Johanna Flower sold 2,347 shares of CrowdStrike stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total value of $1,152,330.06. Following the completion of the transaction, the director owned 79,057 shares in the company, valued at approximately $38,815,405.86. The trade was a 2.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 1,957 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $550.41, for a total value of $1,077,152.37. Following the transaction, the chief financial officer directly owned 218,467 shares in the company, valued at approximately $120,246,421.47. This represents a 0.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 116,622 shares of company stock valued at $58,561,456 over the last ninety days. 3.32% of the stock is currently owned by company insiders.

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.