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

Huntington National Bank raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 96.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 83,295 shares of the company's stock after purchasing an additional 40,908 shares during the quarter. Huntington National Bank's holdings in CrowdStrike were worth $23,362,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike during the 2nd quarter worth $25,000. Oakworth Capital Inc. purchased a new position in CrowdStrike during the third quarter worth about $28,000. Tsfg LLC lifted its position in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company's stock valued at $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. purchased a new stake in CrowdStrike in the 2nd quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new position 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

CRWD has been the topic of a number of analyst reports. Needham & Company LLC initiated coverage on CrowdStrike in a research note on Monday, September 23rd. They issued a "buy" rating and a $360.00 price target on the stock. Stifel Nicolaus decreased their target price on shares of CrowdStrike from $400.00 to $300.00 and set a "buy" rating on the stock in a research report on Friday, August 9th. KeyCorp increased their price target on shares of CrowdStrike from $300.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. Oppenheimer dropped their target price on shares of CrowdStrike from $450.00 to $365.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Finally, Morgan Stanley reissued an "overweight" rating and set a $325.00 price target on shares of CrowdStrike in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $328.74.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded down $0.77 on Thursday, reaching $347.11. 1,277,032 shares of the company were exchanged, compared to its average volume of 5,025,275. CrowdStrike Holdings, Inc. has a 1-year low of $198.86 and a 1-year high of $398.33. The firm has a market cap of $85.09 billion, a price-to-earnings ratio of 505.57, a P/E/G ratio of 23.22 and a beta of 1.10. 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's 50-day moving average is $294.23 and its two-hundred day moving average is $309.66.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share 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 firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the firm posted $0.06 EPS. CrowdStrike's quarterly revenue was up 31.7% compared to the same quarter last year. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the company's stock in a transaction that occurred 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 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares of the company's stock, valued at $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of the firm's stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares of the company's stock, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 104,248 shares of company stock worth $31,103,350 over the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

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.