Leelyn Smith LLC Buys 2,332 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Leelyn Smith LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 58.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,318 shares of the company's stock after acquiring an additional 2,332 shares during the period. Leelyn Smith LLC's holdings in CrowdStrike were worth $1,772,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CRWD. Arlington Financial Advisors LLC increased its holdings in shares of CrowdStrike by 1.5% in the second 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 holdings in shares of CrowdStrike by 3.1% during the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company's stock worth $317,000 after buying an additional 34 shares during the period. Means Investment CO. Inc. grew its position in shares of CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company's stock valued at $741,000 after purchasing an additional 35 shares during the last quarter. Interchange Capital Partners LLC boosted its position in shares of CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company's stock valued at $1,036,000 after acquiring an additional 39 shares during the period. 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 acquiring an additional 40 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CRWD. UBS Group decreased their price target on shares of CrowdStrike from $330.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Piper Sandler restated an "overweight" rating and set a $290.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Citigroup dropped their price target on CrowdStrike from $345.00 to $300.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reduced their price objective on CrowdStrike from $350.00 to $275.00 and set a "hold" rating for the company in a research note on Monday, August 26th. Finally, Cantor Fitzgerald increased their price objective on CrowdStrike from $350.00 to $370.00 and gave the company an "overweight" rating in a report on Thursday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $335.62.

CrowdStrike Stock Up 4.1 %

Shares of CrowdStrike stock traded up $14.71 during midday trading on Friday, hitting $372.26. The company's stock had a trading volume of 3,442,549 shares, compared to its average volume of 3,332,946. 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 1-year low of $200.81 and a 1-year high of $398.33. The stock has a 50-day simple moving average of $308.04 and a 200-day simple moving average of $311.91. The firm has a market capitalization of $91.25 billion, a P/E ratio of 539.51, a PEG ratio of 25.88 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly 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. 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 quarter in the previous year, the business posted $0.06 EPS. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,325 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 1,109,746 shares of the company's stock, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. 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 CrowdStrike stock in a transaction that occurred on Friday, November 15th. The shares were 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. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 in the last 90 days. 4.34% of the stock is owned by company insiders.

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.