Amalgamated Bank Buys 34,118 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Amalgamated Bank increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 234.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,685 shares of the company’s stock after purchasing an additional 34,118 shares during the quarter. Amalgamated Bank’s holdings in CrowdStrike were worth $18,656,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the 1st quarter worth $30,000. Family Firm Inc. acquired a new stake in CrowdStrike during the 2nd quarter worth $30,000. Johnson Financial Group Inc. acquired a new stake in CrowdStrike during the 4th quarter worth $31,000. Northwest Bank & Trust Co acquired a new stake in CrowdStrike during the 4th quarter worth $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in CrowdStrike during the 1st quarter worth $32,000. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the transaction, the chief executive officer now owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,219 shares of company stock valued at $48,306,394. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $268.72 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $65.40 billion, a P/E ratio of 507.02, a P/E/G ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33. The firm has a 50-day moving average price of $271.34 and a two-hundred day moving average price of $312.95.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the firm posted $0.06 EPS. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have commented on the stock. JPMorgan Chase & Co. lowered their target price on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Morgan Stanley reissued an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a research report on Monday, September 9th. Rosenblatt Securities reduced their price target on shares of CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. Mizuho reduced their price target on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Finally, Royal Bank of Canada reduced their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $327.16.

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.