Mezzasalma Advisors LLC Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mezzasalma Advisors LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,114 shares of the company’s stock after acquiring an additional 738 shares during the quarter. Mezzasalma Advisors LLC’s holdings in CrowdStrike were worth $1,995,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the 2nd quarter worth $25,000. Family Firm Inc. acquired a new position in CrowdStrike during the second quarter worth about $30,000. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike during the 2nd quarter valued at about $33,000. Unique Wealth Strategies LLC purchased a new position in CrowdStrike in the 2nd quarter worth approximately $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new position in CrowdStrike in the 1st quarter worth approximately $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CRWD shares. Susquehanna reaffirmed a “positive” rating and issued a $310.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. The Goldman Sachs Group dropped their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Wedbush reiterated an “outperform” rating and issued a $315.00 target price on shares of CrowdStrike in a report on Friday, August 9th. KeyCorp increased their price target on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research note on Monday, September 23rd. Finally, DA Davidson reiterated a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Wednesday, September 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $325.44.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $306.99 on Thursday. The firm’s fifty day simple moving average is $273.47 and its 200-day simple moving average is $308.41. CrowdStrike Holdings, Inc. has a 12 month low of $170.17 and a 12 month high of $398.33. The stock has a market capitalization of $74.71 billion, a price-to-earnings ratio of 577.81, a PEG ratio of 19.94 and a beta of 1.10. 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 announced its earnings results 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. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. As a group, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock worth $30,529,413 over the last 90 days. 4.34% of the stock is currently owned by insiders.

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.