Mizuho Securities USA LLC Acquires 10,392 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mizuho Securities USA LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 58.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 28,179 shares of the company's stock after buying an additional 10,392 shares during the period. Mizuho Securities USA LLC's holdings in CrowdStrike were worth $7,903,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in CRWD. Quent Capital LLC boosted its stake in CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company's stock valued at $75,000 after buying an additional 88 shares during the period. First Foundation Advisors lifted its stake in CrowdStrike by 22.7% in the first quarter. First Foundation Advisors now owns 265 shares of the company's stock worth $85,000 after acquiring an additional 49 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in shares of CrowdStrike during the first quarter valued at about $273,000. Allstate Corp bought a new position in shares of CrowdStrike in the 1st quarter worth approximately $225,000. Finally, Edgestream Partners L.P. bought a new stake in shares of CrowdStrike during the 1st quarter valued at $839,000. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 10,776 shares of the firm's 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 $3,203,489.28. Following the completion of the transaction, the president now directly owns 400,390 shares of the company's stock, valued at approximately $119,027,939.20. This trade represents a 2.62 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares of the company's stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 in the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $7.61 during trading on Friday, reaching $336.75. 3,460,547 shares of the stock were exchanged, compared to its average volume of 3,206,090. CrowdStrike Holdings, Inc. has a 12 month low of $198.86 and a 12 month high of $398.33. The firm has a market cap of $82.55 billion, a PE ratio of 488.04, a PEG ratio of 22.77 and a beta of 1.10. The stock has a 50-day moving average price of $297.79 and a 200-day moving average price of $310.25. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company's revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRWD. Hsbc Global Res raised CrowdStrike from a "hold" rating to a "strong-buy" rating in a report on Friday, August 30th. Citigroup lowered their target price on shares of CrowdStrike from $345.00 to $300.00 and set a "buy" rating on the stock in a research note on Wednesday, August 14th. TD Cowen decreased their price target on shares of CrowdStrike from $400.00 to $380.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. Royal Bank of Canada reduced their price target on shares of CrowdStrike from $345.00 to $335.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. Finally, Piper Sandler reiterated an "overweight" rating and issued a $290.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $328.74.

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.