Pittenger & Anderson Inc. Decreases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pittenger & Anderson Inc. reduced its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWDGet Rating) by 72.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,680 shares of the company’s stock after selling 7,015 shares during the period. Pittenger & Anderson Inc.’s holdings in CrowdStrike were worth $549,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CRWD. Morgan Stanley raised its holdings in CrowdStrike by 223.3% in the 2nd quarter. Morgan Stanley now owns 4,563,798 shares of the company’s stock worth $1,146,928,000 after acquiring an additional 3,152,219 shares during the last quarter. Mackenzie Financial Corp raised its stake in CrowdStrike by 53.1% during the 3rd quarter. Mackenzie Financial Corp now owns 18,199 shares of the company’s stock valued at $4,473,000 after buying an additional 6,312 shares during the last quarter. Principal Financial Group Inc. raised its stake in CrowdStrike by 19.6% during the 3rd quarter. Principal Financial Group Inc. now owns 94,237 shares of the company’s stock valued at $23,162,000 after buying an additional 15,442 shares during the last quarter. Barclays PLC raised its stake in CrowdStrike by 42.0% during the 3rd quarter. Barclays PLC now owns 597,897 shares of the company’s stock valued at $146,950,000 after buying an additional 176,806 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in CrowdStrike by 237.2% during the 3rd quarter. CIBC Asset Management Inc now owns 27,816 shares of the company’s stock valued at $6,837,000 after buying an additional 19,567 shares during the last quarter. Institutional investors own 63.02% of the company’s stock.

In other news, CFO Burt W. Podbere sold 13,282 shares of the company’s stock in a transaction dated Monday, March 21st. The shares were sold at an average price of $200.42, for a total transaction of $2,661,978.44. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 20,000 shares of the stock in a transaction dated Thursday, March 17th. The stock was sold at an average price of $203.04, for a total transaction of $4,060,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 170,458 shares of company stock worth $35,634,355 over the last 90 days. Corporate insiders own 8.64% of the company’s stock.

Shares of CRWD traded up $2.05 during midday trading on Thursday, hitting $139.45. 220,741 shares of the company traded hands, compared to its average volume of 5,020,001. The firm has a 50 day moving average of $203.80 and a 200-day moving average of $207.61. CrowdStrike Holdings, Inc. has a 52 week low of $136.82 and a 52 week high of $298.48. The stock has a market cap of $32.18 billion, a price-to-earnings ratio of -133.15 and a beta of 1.44. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.83 and a current ratio of 1.83.

CrowdStrike (NASDAQ:CRWDGet Rating) last announced its earnings results on Wednesday, March 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.06. The firm had revenue of $431.01 million for the quarter, compared to analysts’ expectations of $412.38 million. CrowdStrike had a negative net margin of 16.17% and a negative return on equity of 15.87%. The business’s revenue was up 62.7% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.08) EPS. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on CRWD shares. JPMorgan Chase & Co. boosted their target price on shares of CrowdStrike from $255.00 to $288.00 in a research note on Thursday, March 10th. BTIG Research upgraded shares of CrowdStrike from a “neutral” rating to a “buy” rating and set a $257.00 target price for the company in a research note on Thursday, March 10th. Robert W. Baird upped their price objective on CrowdStrike from $225.00 to $275.00 and gave the stock an “outperform” rating in a research note on Friday, April 8th. Barclays upped their price objective on CrowdStrike from $250.00 to $255.00 and gave the stock an “overweight” rating in a research note on Thursday, March 10th. Finally, The Goldman Sachs Group upgraded CrowdStrike from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $241.00 to $285.00 in a research note on Tuesday, April 12th. One equities research analyst has rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Buy” and an average price target of $267.68.

CrowdStrike Profile (Get Rating)

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.

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 Holdings, Inc. (NASDAQ:CRWDGet Rating).

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.