CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Increased by Commerce Bank

Commerce Bank boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 50.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,392 shares of the company's stock after purchasing an additional 30,949 shares during the quarter. Commerce Bank's holdings in CrowdStrike were worth $25,913,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter worth $25,000. Family Firm Inc. bought a new stake in CrowdStrike during the 2nd quarter valued at $30,000. Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike in the 2nd quarter worth about $33,000. Unique Wealth Strategies LLC bought a new position in CrowdStrike during the 2nd quarter valued at $36,000. Finally, Hobbs Group Advisors LLC purchased a new stake in CrowdStrike in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling

In related 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 completion of the transaction, the president now owns 400,390 shares of the company's stock, valued at approximately $119,027,939.20. The trade was a 2.62 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company's stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 in the last 90 days. Company insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $350.15 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market cap of $85.83 billion, a P/E ratio of 507.46, a PEG ratio of 23.89 and a beta of 1.10. The company has a 50-day moving average price of $303.76 and a 200 day moving average price of $311.21. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the firm posted $0.06 earnings per share. The business's revenue for the quarter was up 31.7% compared to the same quarter last year. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research reports. Susquehanna restated a "positive" rating and set a $310.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Argus reduced their target price on CrowdStrike from $400.00 to $325.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. lowered their price objective on CrowdStrike from $400.00 to $330.00 and set an "overweight" rating for the company in a research report on Monday, July 29th. KeyCorp lifted their price objective on CrowdStrike from $300.00 to $345.00 and gave the company an "overweight" rating in a research report on Monday, September 23rd. Finally, Royal Bank of Canada dropped their price target on shares of CrowdStrike from $345.00 to $335.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $333.82.

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.