Portman Ltd Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Portman Ltd bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, Holdings Channel reports. The institutional investor bought 1,544 shares of the company’s stock, valued at approximately $433,000. CrowdStrike makes up 1.1% of Portman Ltd’s holdings, making the stock its 6th largest position.

A number of other institutional investors have also recently bought and sold shares of the stock. Quent Capital LLC lifted its holdings in shares of CrowdStrike by 59.9% in the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after purchasing an additional 88 shares in the last quarter. Axxcess Wealth Management LLC raised its holdings in shares of CrowdStrike by 81.5% in the first quarter. Axxcess Wealth Management LLC now owns 1,541 shares of the company’s stock valued at $494,000 after purchasing an additional 692 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of CrowdStrike by 3.4% in the first quarter. Advisors Asset Management Inc. now owns 7,754 shares of the company’s stock valued at $2,486,000 after purchasing an additional 253 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of CrowdStrike by 622.3% in the first quarter. Canada Pension Plan Investment Board now owns 101,364 shares of the company’s stock worth $32,496,000 after purchasing an additional 87,330 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in CrowdStrike by 118.9% during the first quarter. Lazard Asset Management LLC now owns 29,819 shares of the company’s stock worth $9,558,000 after purchasing an additional 16,197 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Friday, November 15th. The stock was 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 in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the business’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 transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 in the last ninety days. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Price Performance

CrowdStrike stock opened at $372.26 on Friday. The firm has a market cap of $91.25 billion, a PE ratio of 539.51, a price-to-earnings-growth ratio of 25.88 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. The stock’s fifty day moving average price is $308.04 and its two-hundred day moving average price is $311.91. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33.

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

Analysts Set New Price Targets

Several brokerages have issued reports on CRWD. Argus lowered their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Jefferies Financial Group raised their price target on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. CICC Research started coverage on CrowdStrike in a research note on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective on the stock. Finally, Cantor Fitzgerald increased their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $335.62.

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.