GenTrust LLC Acquires New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

GenTrust LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 5,172 shares of the company’s stock, valued at approximately $1,451,000.

A number of other large investors also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the second quarter valued at $25,000. Family Firm Inc. acquired a new position in shares of CrowdStrike during the 2nd quarter valued at about $30,000. Itau Unibanco Holding S.A. acquired a new position in shares of CrowdStrike during the 2nd quarter valued at about $33,000. Unique Wealth Strategies LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth about $36,000. Finally, Hobbs Group Advisors LLC acquired a new stake in shares of CrowdStrike in the second quarter worth approximately $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of a number of research analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Monday, November 4th. Sanford C. Bernstein reduced their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Wedbush set a $330.00 price target on CrowdStrike in a research note on Thursday, October 17th. Needham & Company LLC began coverage on CrowdStrike in a report on Monday, September 23rd. They set a “buy” rating and a $360.00 target price for the company. Finally, Stifel Nicolaus increased their target price on shares of CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $335.62.

CrowdStrike Stock Performance

CRWD stock opened at $372.26 on Friday. The firm has a market cap of $91.25 billion, a P/E ratio of 539.51, a P/E/G ratio of 25.88 and a beta of 1.10. The stock’s 50 day simple moving average is $308.04 and its 200 day simple moving average is $311.91. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. 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 quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company 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 firm posted $0.06 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the transaction, the insider now directly owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,248 shares of company stock worth $32,465,110. Insiders own 4.34% of the company’s stock.

CrowdStrike Company 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.