Greater Midwest Financial Group LLC Makes New $1.93 Million Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Greater Midwest Financial Group LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,876 shares of the company's stock, valued at approximately $1,929,000. CrowdStrike makes up 1.1% of Greater Midwest Financial Group LLC's investment portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of CRWD. Burney Co. acquired a new stake in CrowdStrike during the 1st quarter worth $1,342,000. Doliver Advisors LP raised its stake in CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company's stock worth $1,894,000 after acquiring an additional 4,664 shares in the last quarter. HWG Holdings LP acquired a new stake in CrowdStrike during the 2nd quarter worth $2,955,000. Principal Financial Group Inc. raised its stake in CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company's stock worth $114,360,000 after acquiring an additional 242,052 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its stake in CrowdStrike by 24.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company's stock worth $3,855,000 after acquiring an additional 1,966 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, President Michael Sentonas sold 10,776 shares of the business'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 owns 400,390 shares of the company's stock, valued at $119,027,939.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO George Kurtz sold 55,325 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company's stock, valued at $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Michael Sentonas sold 10,776 shares of the company's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares of the company's stock, valued at $119,027,939.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock valued at $30,529,413 over the last 90 days. Insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

CRWD traded up $4.10 during midday trading on Thursday, reaching $310.34. 3,072,637 shares of the company's stock were exchanged, compared to its average volume of 5,212,745. 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 has a market capitalization of $75.52 billion, a PE ratio of 585.55, a P/E/G ratio of 19.94 and a beta of 1.10. The business's 50-day moving average price is $274.87 and its 200 day moving average price is $308.43. CrowdStrike Holdings, Inc. has a 1-year low of $170.17 and a 1-year high of $398.33.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) 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 net margin of 4.84% and a return on equity of 8.44%. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CRWD shares. Royal Bank of Canada cut their price target on shares of CrowdStrike from $345.00 to $335.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. BMO Capital Markets lifted their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an "outperform" rating in a research note on Thursday, August 29th. Evercore ISI lowered their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 30th. BNP Paribas assumed coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a "neutral" rating and a $285.00 price objective on the stock. Finally, Guggenheim downgraded shares of CrowdStrike from a "buy" rating to a "neutral" rating in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $325.44.

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.