Sweet Financial Partners LLC Purchases 3,439 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sweet Financial Partners LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 287.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,635 shares of the company's stock after buying an additional 3,439 shares during the quarter. Sweet Financial Partners LLC's holdings in CrowdStrike were worth $1,300,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Trust Co. of Vermont boosted its stake in CrowdStrike by 34.9% in the third quarter. Trust Co. of Vermont now owns 975 shares of the company's stock worth $273,000 after buying an additional 252 shares in the last quarter. Secure Asset Management LLC lifted its holdings in shares of CrowdStrike by 33.0% in the 3rd quarter. Secure Asset Management LLC now owns 6,492 shares of the company's stock worth $1,821,000 after acquiring an additional 1,612 shares during the last quarter. Teamwork Financial Advisors LLC boosted its stake in shares of CrowdStrike by 41.4% in the 3rd quarter. Teamwork Financial Advisors LLC now owns 56,431 shares of the company's stock valued at $15,827,000 after purchasing an additional 16,509 shares in the last quarter. Bleakley Financial Group LLC grew its holdings in shares of CrowdStrike by 21.3% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,803 shares of the company's stock valued at $2,469,000 after purchasing an additional 1,545 shares during the last quarter. Finally, Optimum Investment Advisors purchased a new position in CrowdStrike in the 3rd quarter worth $56,000. 71.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CRWD has been the subject of several analyst reports. JMP Securities restated a "market outperform" rating and set a $400.00 price target on shares of CrowdStrike in a research report on Tuesday, September 24th. Canaccord Genuity Group reissued a "buy" rating and set a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. Redburn Atlantic downgraded shares of CrowdStrike from a "neutral" rating to a "sell" rating and decreased their target price for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Argus lowered their price target on shares of CrowdStrike from $400.00 to $325.00 and set a "buy" rating for the company in a report on Friday, August 30th. Finally, Susquehanna reissued a "positive" rating and issued a $310.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-two have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $325.82.

CrowdStrike Stock Performance

CRWD traded down $0.19 during midday trading on Friday, hitting $310.15. 2,894,540 shares of the company traded hands, compared to its average volume of 5,201,307. The company's 50-day moving average is $274.87 and its 200 day moving average is $308.43. CrowdStrike Holdings, Inc. has a 52 week low of $170.17 and a 52 week high of $398.33. The firm has a market capitalization of $75.48 billion, a PE ratio of 586.64, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. 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 (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for 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% on a year-over-year basis. During the same quarter last year, the company posted $0.06 earnings per share. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, 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 transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the company'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 completion of the sale, the chief executive officer now owns 1,109,746 shares of the company's stock, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is owned by insiders.

CrowdStrike Company 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.