BNP Paribas Sells 14,724 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BNP Paribas cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 74.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,016 shares of the company’s stock after selling 14,724 shares during the period. BNP Paribas’ holdings in CrowdStrike were worth $1,407,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Arlington Financial Advisors LLC boosted its holdings in shares of CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares during the last quarter. Sunpointe LLC lifted its stake in CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after acquiring an additional 34 shares during the last quarter. Means Investment CO. Inc. grew its position in shares of CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after acquiring an additional 35 shares during the period. Interchange Capital Partners LLC increased its stake in shares of CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock worth $1,036,000 after purchasing an additional 39 shares during the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of CrowdStrike by 9.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock valued at $134,000 after purchasing an additional 40 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRWD has been the subject of a number of research analyst reports. Needham & Company LLC lifted their price target on CrowdStrike from $360.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday. Susquehanna lifted their target price on CrowdStrike from $310.00 to $400.00 and gave the stock a “positive” rating in a research note on Wednesday. CICC Research started coverage on CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a report on Monday, November 4th. Finally, Morgan Stanley upped their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $355.80.

CrowdStrike Price Performance

CrowdStrike stock opened at $347.59 on Thursday. The company has a market capitalization of $85.20 billion, a PE ratio of 503.75, a P/E/G ratio of 26.33 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average price of $313.47 and a two-hundred day moving average price of $312.77. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the company earned $0.06 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Analysts expect that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

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.