CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,444 shares of the company’s stock after acquiring an additional 359 shares during the quarter. Mutual Advisors LLC’s holdings in CrowdStrike were worth $1,353,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Robert W. Baird reduced their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. TD Cowen dropped their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Stifel Nicolaus decreased their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Needham & Company LLC began coverage on shares of CrowdStrike in a report on Monday, September 23rd. They set a “buy” rating and a $360.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Up 2.1 %

CRWD stock opened at $303.13 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $74.31 billion, a PE ratio of 439.32, a P/E/G ratio of 20.79 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $178.35 and a 12 month high of $398.33. The firm has a 50 day simple moving average of $284.85 and a 200 day simple moving average of $307.77.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the company posted $0.06 EPS. The company’s revenue was up 31.7% compared to the same quarter last year. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the 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. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now owns 821,766 shares in the company, valued at approximately $263,277,391.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock valued at $30,529,413 over the last ninety days. Corporate 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.