Overbrook Management Corp Takes $8.21 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Overbrook Management Corp acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 29,282 shares of the company's stock, valued at approximately $8,213,000. CrowdStrike comprises about 1.9% of Overbrook Management Corp's holdings, making the stock its 22nd biggest holding.

Several other large investors also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike during the 3rd quarter worth $28,000. Tsfg LLC increased its position in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after buying an additional 89 shares during the period. Family Firm Inc. bought a new position in CrowdStrike during the 2nd quarter worth $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent research reports. Scotiabank lowered their price objective on CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 14th. HSBC upgraded CrowdStrike from a "hold" rating to a "buy" rating and increased their price objective for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. JPMorgan Chase & Co. lowered their price objective on CrowdStrike from $400.00 to $330.00 and set an "overweight" rating on the stock in a research report on Monday, July 29th. Evercore ISI lowered their price objective on CrowdStrike from $350.00 to $325.00 and set an "outperform" rating on the stock in a research report on Tuesday, July 30th. Finally, Piper Sandler restated an "overweight" rating and issued a $290.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $333.82.

CrowdStrike Stock Down 0.9 %

CRWD stock opened at $350.15 on Thursday. The stock has a market cap of $85.83 billion, a P/E ratio of 507.46, a P/E/G ratio of 23.89 and a beta of 1.10. The stock's fifty day simple moving average is $303.76 and its two-hundred day simple moving average is $311.21. 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 Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33.

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, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business's revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 earnings per share. Analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by company insiders.

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.

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