Fifth Third Wealth Advisors LLC Increases Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fifth Third Wealth Advisors LLC boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 659.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,721 shares of the company's stock after purchasing an additional 12,782 shares during the quarter. Fifth Third Wealth Advisors LLC's holdings in CrowdStrike were worth $4,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Legal & General Group Plc grew its holdings in shares of CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company's stock valued at $785,425,000 after purchasing an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock worth $696,471,000 after acquiring an additional 77,100 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company's stock worth $671,828,000 after acquiring an additional 564,662 shares in the last quarter. Federated Hermes Inc. lifted its stake in shares of CrowdStrike by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company's stock valued at $426,212,000 after buying an additional 9,564 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock valued at $259,668,000 after buying an additional 920,695 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Up 2.1 %

NASDAQ CRWD traded up $7.26 during trading on Tuesday, hitting $350.23. The company's stock had a trading volume of 1,491,744 shares, compared to its average volume of 4,996,562. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company has a market cap of $85.85 billion, a PE ratio of 501.32, a P/E/G ratio of 22.77 and a beta of 1.10. The business's 50 day simple moving average is $299.72 and its 200-day simple moving average is $310.63.

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 analysts' consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during 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. The business's revenue was up 31.7% compared to the same quarter last year. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of CrowdStrike 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 transaction, the chief executive officer now owns 1,109,746 shares of the company's stock, valued at $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike 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 transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock worth $32,465,110 in the last quarter. 4.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent analyst reports. TD Cowen decreased their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a "buy" rating for the company in a report on Thursday, August 29th. Royal Bank of Canada dropped their target price on shares of CrowdStrike from $345.00 to $335.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. DA Davidson reaffirmed a "buy" rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Wednesday, September 18th. CICC Research assumed coverage on shares of CrowdStrike in a research report on Monday. They set a "market perform" rating and a $295.00 price objective on the stock. Finally, Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research note on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $331.90.

CrowdStrike Company 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.