CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Princeton Capital Management LLC

Princeton Capital Management LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 193.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 35,226 shares of the company's stock after purchasing an additional 23,204 shares during the period. CrowdStrike accounts for 3.1% of Princeton Capital Management LLC's investment portfolio, making the stock its 8th largest holding. Princeton Capital Management LLC's holdings in CrowdStrike were worth $9,880,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Arlington Financial Advisors LLC lifted its holdings in shares of CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company's stock valued at $778,000 after acquiring an additional 30 shares in the last quarter. Sunpointe LLC lifted its holdings in shares of CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company's stock valued at $317,000 after buying an additional 34 shares during the period. Means Investment CO. Inc. grew its holdings in shares of CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company's stock worth $741,000 after acquiring an additional 35 shares during the last quarter. Interchange Capital Partners LLC boosted its position in shares of CrowdStrike by 1.1% in the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company's stock worth $1,036,000 after buying an additional 39 shares during the period. Finally, JFS Wealth Advisors LLC increased its stake in shares of CrowdStrike by 9.1% in the third quarter. JFS Wealth Advisors LLC now owns 478 shares of the company's stock worth $134,000 after acquiring an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now owns 120,298 shares of the company's stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company's stock, 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 108,248 shares of company stock worth $32,465,110 over the last quarter. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $8.87 during trading on Tuesday, hitting $351.84. 1,581,162 shares of the company were exchanged, compared to its average volume of 4,996,961. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. 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 company has a market cap of $86.25 billion, a PE ratio of 501.32, a P/E/G ratio of 22.77 and a beta of 1.10. The stock has a 50 day moving average of $299.72 and a 200 day moving average of $310.63.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The business 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 revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.06 EPS. As a group, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. UBS Group lowered their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. BMO Capital Markets upped their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. Stifel Nicolaus cut their target price on shares of CrowdStrike from $400.00 to $300.00 and set a "buy" rating on the stock in a report on Friday, August 9th. Wedbush set a $330.00 target price on CrowdStrike in a report on Thursday, October 17th. Finally, HSBC raised shares of CrowdStrike from a "hold" rating to a "buy" rating and raised their target price for the company from $302.00 to $339.00 in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $331.90.

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.