NorthRock Partners LLC Has $1.05 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

NorthRock Partners LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.4% during the third quarter, HoldingsChannel.com reports. The fund owned 3,738 shares of the company’s stock after buying an additional 443 shares during the quarter. NorthRock Partners LLC’s holdings in CrowdStrike were worth $1,048,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike in the second quarter valued at about $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike during the 3rd quarter valued at approximately $28,000. Tsfg LLC increased its position in 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 in the last quarter. Family Firm Inc. bought a new position in CrowdStrike in the 2nd quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was 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 of the company’s stock, valued at approximately $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,212 shares of company stock worth $30,529,413. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CRWD. JPMorgan Chase & Co. dropped their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. DA Davidson reissued a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. Robert W. Baird decreased their price target on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Scotiabank lowered their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Finally, Piper Sandler reiterated an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Up 0.7 %

Shares of CRWD traded up $2.13 during trading hours on Tuesday, hitting $301.01. The company had a trading volume of 339,123 shares, compared to its average volume of 5,072,019. The stock has a market capitalization of $73.79 billion, a price-to-earnings ratio of 433.16, a P/E/G ratio of 20.50 and a beta of 1.10. The firm has a fifty day moving average price of $285.51 and a 200-day moving average price of $307.96. CrowdStrike Holdings, Inc. has a 52-week low of $183.60 and a 52-week high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for 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 revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

CrowdStrike 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.