CIBC Asset Management Inc Has $20.15 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CIBC Asset Management Inc boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 6.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 71,842 shares of the company's stock after purchasing an additional 4,303 shares during the quarter. CIBC Asset Management Inc's holdings in CrowdStrike were worth $20,150,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike in the 2nd quarter worth $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the 3rd quarter worth about $28,000. Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. acquired a new position in shares of CrowdStrike in the 2nd quarter valued at about $30,000. Finally, Castleview Partners LLC acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CRWD shares. Piper Sandler reiterated an "overweight" rating and set a $290.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Canaccord Genuity Group reiterated a "buy" rating and issued a $330.00 price target on shares of CrowdStrike in a report on Monday, September 30th. BNP Paribas began coverage on CrowdStrike in a research note on Tuesday, October 8th. They set a "neutral" rating and a $285.00 price objective on the stock. Stifel Nicolaus decreased their target price on CrowdStrike from $400.00 to $300.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Wedbush set a $330.00 target price on CrowdStrike in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $328.74.

Insider Activity at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the business's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. The trade was a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company's stock, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 over the last quarter. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $7.61 during trading hours on Friday, hitting $336.75. The stock had a trading volume of 3,460,547 shares, compared to its average volume of 5,024,086. 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 stock's fifty day simple moving average is $297.79 and its 200 day simple moving average is $310.13. The firm has a market capitalization of $82.55 billion, a price-to-earnings ratio of 488.04, a PEG ratio of 23.52 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1-year low of $198.86 and a 1-year high of $398.33.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (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 during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The firm's quarterly revenue was up 31.7% on a year-over-year basis. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

About CrowdStrike

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.