Owen LaRue LLC Sells 2,379 Shares of CrowdStrike $CRWD

Owen LaRue LLC decreased its holdings in CrowdStrike (NASDAQ:CRWD) by 42.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,242 shares of the company’s stock after selling 2,379 shares during the quarter. Owen LaRue LLC’s holdings in CrowdStrike were worth $1,590,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in CRWD. Asset Planning Inc bought a new position in CrowdStrike during the third quarter worth about $25,000. AlphaQuest LLC acquired a new position in shares of CrowdStrike in the 2nd quarter worth approximately $26,000. Howard Hughes Medical Institute bought a new position in shares of CrowdStrike during the 2nd quarter worth approximately $27,000. Pinnacle Bancorp Inc. bought a new position in shares of CrowdStrike during the 3rd quarter worth approximately $27,000. Finally, Financial Gravity Companies Inc. acquired a new stake in CrowdStrike in the 2nd quarter valued at $33,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Down 0.3%

Shares of NASDAQ CRWD opened at $452.49 on Friday. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $566.90. The company has a 50-day moving average of $485.15 and a two-hundred day moving average of $478.22. The company has a market cap of $114.07 billion, a PE ratio of -359.12, a P/E/G ratio of 109.85 and a beta of 1.03. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. CrowdStrike’s revenue was up 21.8% compared to the same quarter last year. As a group, equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRWD. DA Davidson reiterated a “buy” rating and set a $580.00 price objective on shares of CrowdStrike in a research note on Wednesday, December 3rd. Sanford C. Bernstein reiterated a “market perform” rating and set a $353.00 target price on shares of CrowdStrike in a research report on Wednesday, December 3rd. BMO Capital Markets lifted their price target on shares of CrowdStrike from $500.00 to $555.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of CrowdStrike from $435.00 to $475.00 and gave the stock a “hold” rating in a research note on Wednesday, December 3rd. Finally, Argus lifted their target price on shares of CrowdStrike from $540.00 to $600.00 and gave the company a “buy” rating in a research note on Friday, December 5th. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $555.21.

Insider Activity

In related news, Director Johanna Flower sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the sale, the director directly owned 76,082 shares of the company’s stock, valued at $35,145,319.08. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Michael Sentonas sold 11,461 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the completion of the transaction, the president owned 342,655 shares in the company, valued at $164,399,015.90. This represents a 3.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 69,048 shares of company stock worth $34,509,857. Corporate insiders own 3.32% of the company’s stock.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.