ING Groep NV Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

ING Groep NV acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,125 shares of the company's stock, valued at approximately $13,217,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Arlington Financial Advisors LLC increased its stake in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company's stock worth $778,000 after buying an additional 30 shares in the last quarter. Saturna Capital Corp boosted its stake in CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company's stock worth $408,000 after buying an additional 33 shares during the period. Sunpointe LLC raised its stake in shares of CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company's stock valued at $317,000 after acquiring an additional 34 shares during the period. Means Investment CO. Inc. lifted its holdings in shares of CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company's stock worth $741,000 after acquiring an additional 35 shares during the last quarter. Finally, Interchange Capital Partners LLC boosted its stake in shares of CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company's stock worth $1,036,000 after purchasing an additional 39 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 2.2 %

Shares of NASDAQ CRWD traded down $7.61 during trading on Friday, reaching $336.75. The stock had a trading volume of 3,457,968 shares, compared to its average volume of 5,024,086. The business's 50-day moving average price is $295.99 and its 200-day moving average price is $309.90. CrowdStrike Holdings, Inc. has a fifty-two week low of $198.86 and a fifty-two 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. The company has a market cap of $82.55 billion, a P/E ratio of 487.16, a PEG ratio of 23.52 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $958.27 million. During the same quarter last year, the company posted $0.06 EPS. The firm's revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.61 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction on 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 completion of the sale, the insider now directly owns 174,591 shares of the company's stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 in the last quarter. Corporate insiders own 4.34% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on CRWD shares. Piper Sandler reissued an "overweight" rating and issued a $290.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. JMP Securities reissued a "market outperform" rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Thursday, September 19th. Barclays lifted their price objective on shares of CrowdStrike from $285.00 to $295.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Finally, Truist Financial reiterated a "buy" rating and issued a $325.00 target price on shares of CrowdStrike in a report on Wednesday, August 28th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $328.74.

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.