Broderick Brian C Has $2.81 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Broderick Brian C raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 18.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,025 shares of the company's stock after purchasing an additional 1,560 shares during the quarter. Broderick Brian C's holdings in CrowdStrike were worth $2,812,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter valued at approximately $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter valued at $28,000. Tsfg LLC increased its holdings in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company's stock valued at $29,000 after acquiring an additional 89 shares in the last quarter. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the 2nd quarter worth about $30,000. Finally, Castleview Partners LLC purchased a new position in CrowdStrike during the 3rd quarter worth $32,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

CrowdStrike stock traded down $7.61 during midday trading on Friday, hitting $336.75. The company's stock had a trading volume of 3,457,968 shares, compared to its average volume of 5,024,086. CrowdStrike Holdings, Inc. has a 12 month low of $198.86 and a 12 month high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock's 50-day moving average price is $295.99 and its 200-day moving average price is $309.90. The company has a market capitalization of $82.55 billion, a PE ratio of 487.16, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its 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. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. During the same period in the prior year, the business earned $0.06 earnings per share. The business's quarterly revenue was up 31.7% on a year-over-year basis. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, 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 transaction, the insider now directly owns 174,591 shares of the company's stock, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares of the company's stock, valued at approximately $329,172,858.52. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,248 shares of company stock worth $32,465,110. Company insiders own 4.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Citigroup dropped their price target on CrowdStrike from $345.00 to $300.00 and set a "buy" rating on the stock in a research report on Wednesday, August 14th. Morgan Stanley reiterated an "overweight" rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft dropped their price objective on CrowdStrike from $350.00 to $275.00 and set a "hold" rating for the company in a report on Monday, August 26th. Scotiabank lowered 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. Finally, Hsbc Global Res upgraded CrowdStrike from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $328.74.

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.