LMR Partners LLP Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LMR Partners LLP purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 80,000 shares of the company's stock, valued at approximately $22,438,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC raised its holdings in CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock worth $259,668,000 after buying an additional 920,695 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of 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 during the period. Assenagon Asset Management S.A. lifted its position in CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock valued at $146,180,000 after acquiring an additional 371,695 shares in the last quarter. Principal Financial Group Inc. boosted its stake in CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company's stock worth $114,360,000 after purchasing an additional 242,052 shares during the period. Finally, Swedbank AB bought a new position in CrowdStrike during the 1st quarter worth about $73,972,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

CRWD has been the subject of several recent research reports. Piper Sandler reaffirmed an "overweight" rating and set a $290.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. DA Davidson reaffirmed a "buy" rating and set a $310.00 price target on shares of CrowdStrike in a research note on Wednesday, September 18th. Argus cut their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a "buy" rating on the stock in a research report on Friday, August 30th. Evercore ISI decreased their target price on shares of CrowdStrike from $350.00 to $325.00 and set an "outperform" rating for the company in a research report on Tuesday, July 30th. Finally, Scotiabank cut their price target on shares of CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 14th. One research 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 given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $332.87.

Insider Buying and Selling at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares of the company's stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 55,325 shares of the business's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares of the company's stock, valued at approximately $329,172,858.52. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

Shares of CRWD traded up $4.27 during trading hours on Monday, hitting $341.02. 1,672,212 shares of the company were exchanged, compared to its average volume of 5,008,962. 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 fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company has a market cap of $83.59 billion, a price-to-earnings ratio of 501.51, a P/E/G ratio of 22.77 and a beta of 1.10. The firm's fifty day moving average is $297.79 and its 200 day moving average is $310.36.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its 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 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 analyst estimates of $958.27 million. During the same period last year, the firm earned $0.06 EPS. The business's quarterly 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 earnings per share for the current fiscal year.

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.