EULAV Asset Management Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

EULAV Asset Management increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 4.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 49,000 shares of the company's stock after acquiring an additional 1,993 shares during the quarter. EULAV Asset Management's holdings in CrowdStrike were worth $13,743,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. The Goldman Sachs Group lowered their price objective on CrowdStrike from $400.00 to $295.00 and set a "buy" rating on the stock in a research note on Thursday, August 15th. Argus reduced their target price on shares of CrowdStrike from $400.00 to $325.00 and set a "buy" rating on the stock in a research note on Friday, August 30th. Evercore ISI dropped their price target 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 reduced their price target on shares of CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. Finally, Barclays increased their price objective on CrowdStrike from $295.00 to $372.00 and gave the stock an "overweight" rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $333.82.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the 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 in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,178 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.47, for a total value of $3,325,119.66. Following the completion of the sale, the chief financial officer now owns 286,472 shares of the company's stock, valued at $85,216,825.84. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Company insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

CrowdStrike stock traded down $3.14 during trading hours on Wednesday, hitting $350.15. The stock had a trading volume of 2,493,843 shares, compared to its average volume of 4,992,874. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The stock's fifty day moving average is $301.83 and its two-hundred day moving average is $310.94. The stock has a market capitalization of $85.83 billion, a price-to-earnings ratio of 502.17, a PEG ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analysts' expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business's revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

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.