CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Raised by Natixis Advisors LLC

Natixis Advisors LLC boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 12.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,798 shares of the company's stock after acquiring an additional 4,382 shares during the period. Natixis Advisors LLC's holdings in CrowdStrike were worth $11,162,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike in the third quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of CrowdStrike by 10.2% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company's stock worth $237,331,000 after purchasing an additional 78,305 shares during the last quarter. Burney Co. acquired a new stake in CrowdStrike during the first quarter worth approximately $1,342,000. Doliver Advisors LP grew its stake in CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company's stock worth $1,894,000 after acquiring an additional 4,664 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock worth $124,644,000 after purchasing an additional 2,863 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Up 0.9 %

CRWD opened at $353.43 on Thursday. 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 capitalization of $86.64 billion, a PE ratio of 513.30, a P/E/G ratio of 23.89 and a beta of 1.10. The stock's fifty day moving average is $303.76 and its 200-day moving average is $311.21. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33.

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, topping 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 firm had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. During the same period in the previous year, the business earned $0.06 earnings per share. CrowdStrike's revenue for the quarter was up 31.7% compared to the same quarter last year. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the firm'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 directly owns 400,390 shares in the company, valued at $119,027,939.20. This trade represents a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock worth $32,465,110. Corporate insiders own 4.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CRWD. Evercore ISI lowered their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an "outperform" rating for the company in a research note on Tuesday, July 30th. UBS Group dropped their price target on shares of CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. DA Davidson reissued a "buy" rating and issued a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. TD Cowen dropped their price objective on CrowdStrike from $400.00 to $380.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. Finally, Scotiabank reduced their target price on CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating for the company in a research note on Wednesday, August 14th. One equities 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $334.33.

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.