CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 18.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,255 shares of the company's stock after purchasing an additional 4,989 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in CrowdStrike were worth $9,047,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike in the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new stake in shares of CrowdStrike during the third quarter worth $28,000. Tsfg LLC grew its holdings in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company's stock valued at $29,000 after buying an additional 89 shares during the last quarter. Family Firm Inc. acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $30,000. Finally, Castleview Partners LLC purchased a new position in CrowdStrike in the 3rd quarter worth $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CRWD stock traded down $3.52 during trading hours on Thursday, reaching $344.36. The company had a trading volume of 2,578,059 shares, compared to its average volume of 5,031,151. CrowdStrike Holdings, Inc. has a 12-month low of $198.86 and a 12-month high of $398.33. The company has a market capitalization of $84.41 billion, a price-to-earnings ratio of 505.57, a PEG ratio of 23.22 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a fifty day moving average of $294.23 and a 200-day moving average of $309.66.

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 analysts' consensus estimates 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 return on equity of 8.44% and a net margin of 4.84%. The company's revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,683 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 $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 104,248 shares of company stock worth $31,103,350 in the last 90 days. Insiders own 4.34% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. BNP Paribas initiated coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a "neutral" rating and a $285.00 price objective on the stock. Needham & Company LLC started coverage on shares of CrowdStrike in a research note on Monday, September 23rd. They set a "buy" rating and a $360.00 price objective for the company. Guggenheim lowered shares of CrowdStrike from a "buy" rating to a "neutral" rating in a research note on Monday, July 22nd. BTIG Research downgraded shares of CrowdStrike from a "buy" rating to a "neutral" rating in a research report on Monday, July 22nd. Finally, Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. One investment 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $328.74.

CrowdStrike 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.