CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Raised by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 65,275.6% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 56,223 shares of the company's stock after acquiring an additional 56,137 shares during the quarter. Itau Unibanco Holding S.A.'s holdings in CrowdStrike were worth $15,769,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Transcend Capital Advisors LLC purchased a new stake in CrowdStrike in the second quarter valued at about $229,000. GAMMA Investing LLC lifted its position in CrowdStrike by 134.4% during the second quarter. GAMMA Investing LLC now owns 661 shares of the company's stock worth $253,000 after buying an additional 379 shares in the last quarter. Mather Group LLC. increased its stake in CrowdStrike by 367.2% during the second quarter. Mather Group LLC. now owns 1,112 shares of the company's stock worth $426,000 after acquiring an additional 874 shares during the last quarter. Trust Co. of Vermont grew its stake in shares of CrowdStrike by 27.3% in the second quarter. Trust Co. of Vermont now owns 723 shares of the company's stock valued at $277,000 after buying an additional 155 shares in the last quarter. Finally, Fulton Bank N.A. grew its stake in CrowdStrike by 12.9% during the 2nd quarter. Fulton Bank N.A. now owns 1,459 shares of the company's stock worth $559,000 after purchasing an additional 167 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Argus decreased their price target on CrowdStrike from $400.00 to $325.00 and set a "buy" rating for the company in a report on Friday, August 30th. CICC Research initiated coverage on CrowdStrike in a research report on Monday, November 18th. They issued a "market perform" rating and a $295.00 price target on the stock. KeyCorp boosted their target price on CrowdStrike from $345.00 to $395.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Jefferies Financial Group boosted their target price on CrowdStrike from $315.00 to $345.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Finally, Bank of America boosted their target price on CrowdStrike from $365.00 to $400.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $355.80.

CrowdStrike Stock Up 0.9 %

Shares of CRWD stock traded up $3.15 during trading hours on Tuesday, hitting $349.95. 3,576,342 shares of the company were exchanged, compared to its average volume of 5,002,800. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The business's 50-day simple moving average is $318.10 and its two-hundred day simple moving average is $312.95. The stock has a market capitalization of $85.78 billion, a price-to-earnings ratio of 686.19, a P/E/G ratio of 18.62 and a beta of 1.11.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The company reported $0.93 EPS for the quarter, topping the consensus estimate of $0.82 by $0.11. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $982.80 million. During the same quarter last year, the company posted $0.16 earnings per share. The company's quarterly revenue was up 28.5% compared to the same quarter last year. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction dated 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 transaction, the insider now owns 174,591 shares of the company's stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Gerhard Watzinger sold 30,000 shares of the firm's stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares in the company, valued at $14,791,491.63. This represents a 41.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 138,248 shares of company stock valued at $42,933,010 over the last quarter. Insiders own 4.34% of the company's stock.

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.