Jennison Associates LLC Purchases 1,013,161 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jennison Associates LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 25.0% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,068,800 shares of the company's stock after purchasing an additional 1,013,161 shares during the period. CrowdStrike makes up about 0.9% of Jennison Associates LLC's holdings, making the stock its 28th largest holding. Jennison Associates LLC owned about 2.07% of CrowdStrike worth $1,421,646,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Arlington Financial Advisors LLC raised its stake in CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company's stock worth $778,000 after acquiring an additional 30 shares in the last quarter. Sunpointe LLC boosted its position in shares of CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company's stock valued at $317,000 after purchasing an additional 34 shares during the period. Means Investment CO. Inc. grew its stake in CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company's stock worth $741,000 after buying an additional 35 shares during the last quarter. Interchange Capital Partners LLC grew its stake in CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company's stock worth $1,036,000 after buying an additional 39 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position in CrowdStrike by 9.1% during the third quarter. JFS Wealth Advisors LLC now owns 478 shares of the company's stock worth $134,000 after buying an additional 40 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CRWD. Robert W. Baird reduced their price target on shares of CrowdStrike from $335.00 to $315.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. CICC Research assumed coverage on CrowdStrike in a report on Monday. They issued a "market perform" rating and a $295.00 target price for the company. Barclays raised their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an "overweight" rating in a research report on Monday. KeyCorp upped 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. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $350.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $333.82.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company's stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 over the last 90 days. Company insiders own 4.34% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $5.94 during midday trading on Wednesday, reaching $347.35. 1,589,015 shares of the stock were exchanged, compared to its average volume of 4,988,874. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The firm has a 50-day simple moving average of $301.83 and a two-hundred day simple moving average of $310.94. The firm has a market cap of $85.15 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 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 net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the firm earned $0.06 EPS. CrowdStrike's quarterly revenue was up 31.7% on a year-over-year basis. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

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.