CrowdStrike $CRWD Shares Sold by Huntington National Bank

Huntington National Bank reduced its position in CrowdStrike (NASDAQ:CRWDFree Report) by 12.5% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 139,945 shares of the company’s stock after selling 19,909 shares during the period. Huntington National Bank’s holdings in CrowdStrike were worth $68,627,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of CRWD. Asset Planning Inc acquired a new position in shares of CrowdStrike during the 3rd quarter worth $25,000. Pilgrim Partners Asia Pte Ltd purchased a new position in CrowdStrike during the 3rd quarter valued at about $25,000. AlphaQuest LLC acquired a new position in CrowdStrike during the second quarter worth about $26,000. Howard Hughes Medical Institute purchased a new stake in shares of CrowdStrike in the second quarter valued at about $27,000. Finally, Pinnacle Bancorp Inc. purchased a new stake in shares of CrowdStrike in the third quarter valued at about $27,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 28,853 shares of CrowdStrike stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total transaction of $11,916,577.53. Following the transaction, the chief executive officer directly owned 2,054,902 shares of the company’s stock, valued at $848,695,075.02. The trade was a 1.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 10,516 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the sale, the chief financial officer owned 179,114 shares of the company’s stock, valued at approximately $86,571,169.62. This represents a 5.55% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,247 shares of company stock valued at $45,722,274 in the last three months. 3.32% of the stock is owned by company insiders.

Key Stories Impacting CrowdStrike

Here are the key news stories impacting CrowdStrike this week:

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $371.98 on Friday. The business’s fifty day moving average price is $438.69 and its 200 day moving average price is $469.33. CrowdStrike has a twelve month low of $298.00 and a twelve month high of $566.90. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $93.78 billion, a P/E ratio of -295.22, a PEG ratio of 21.44 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The firm’s revenue was up 21.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. As a group, research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on CRWD. Deutsche Bank Aktiengesellschaft lifted their price objective on CrowdStrike from $435.00 to $475.00 and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Jefferies Financial Group cut their price target on CrowdStrike from $600.00 to $500.00 and set a “buy” rating for the company in a report on Friday. Stifel Nicolaus decreased their price objective on CrowdStrike from $600.00 to $480.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Royal Bank Of Canada set a $550.00 price objective on CrowdStrike in a research report on Wednesday, February 11th. Finally, Canaccord Genuity Group upped their target price on shares of CrowdStrike from $500.00 to $515.00 and gave the company a “hold” rating in a report on Wednesday, December 3rd. Thirty investment analysts have rated the stock with a Buy rating, sixteen have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $528.74.

Get Our Latest Research Report on CrowdStrike

About CrowdStrike

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike (NASDAQ:CRWDFree Report).

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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