Fort Pitt Capital Group LLC Grows Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fort Pitt Capital Group LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 136.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,523 shares of the company's stock after purchasing an additional 3,184 shares during the quarter. Fort Pitt Capital Group LLC's holdings in CrowdStrike were worth $1,549,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its stake in shares of CrowdStrike by 350.8% in the 1st quarter. Van ECK Associates Corp now owns 12,087 shares of the company's stock valued at $3,875,000 after purchasing an additional 9,406 shares during the period. Norden Group LLC bought a new stake in shares of CrowdStrike during the 1st quarter valued at $310,000. Sequoia Financial Advisors LLC grew its position in shares of CrowdStrike by 11.2% in the 1st quarter. Sequoia Financial Advisors LLC now owns 5,169 shares of the company's stock worth $1,657,000 after buying an additional 519 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of CrowdStrike by 2.8% in the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,290 shares of the company's stock worth $2,017,000 after acquiring an additional 169 shares in the last quarter. Finally, Fidelis Capital Partners LLC purchased a new position in CrowdStrike during the 1st quarter valued at about $182,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded up $6.26 during trading on Friday, hitting $303.13. 2,975,940 shares of the company's stock were exchanged, compared to its average volume of 3,479,431. The business's 50-day simple moving average is $284.85 and its 200 day simple moving average is $307.93. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a 52-week low of $178.35 and a 52-week high of $398.33. The company has a market cap of $74.31 billion, a price-to-earnings ratio of 439.32, a PEG ratio of 20.07 and a beta of 1.10.

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

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 10,776 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares of the company's stock, valued at approximately $119,027,939.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, President Michael Sentonas sold 10,776 shares of the 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 completion of the transaction, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock valued at $30,529,413 in the last 90 days. Insiders own 4.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CRWD. UBS Group cut their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a report on Thursday, August 29th. BNP Paribas assumed coverage on CrowdStrike in a research report on Tuesday, October 8th. They set a "neutral" rating and a $285.00 price objective for the company. Morgan Stanley reiterated an "overweight" rating and set a $325.00 price objective on shares of CrowdStrike in a research note on Monday, September 9th. Citigroup cut their target price on CrowdStrike from $345.00 to $300.00 and set a "buy" rating on the stock in a research note on Wednesday, August 14th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $290.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $328.74.

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.