CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 38.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,034 shares of the company’s stock after purchasing an additional 287 shares during the quarter. Nicolet Advisory Services LLC’s holdings in CrowdStrike were worth $293,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike during the second quarter valued at about $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the 3rd quarter valued at about $28,000. Tsfg LLC grew its holdings in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. acquired a new stake in CrowdStrike during the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC purchased a new position in CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CRWD shares. Scotiabank decreased their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Royal Bank of Canada reduced their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Morgan Stanley upped their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Argus cut their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Finally, HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and increased their price target for the company from $302.00 to $339.00 in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $335.62.

CrowdStrike Stock Up 4.1 %

Shares of CrowdStrike stock opened at $372.26 on Monday. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The company has a market capitalization of $91.25 billion, a P/E ratio of 539.51, a PEG ratio of 25.88 and a beta of 1.10. The business’s fifty day moving average price is $308.04 and its two-hundred day moving average price is $311.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 EPS. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Corporate insiders own 4.34% of the company’s stock.

About CrowdStrike

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.