Strategy Asset Managers LLC Invests $500,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Strategy Asset Managers LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,784 shares of the company's stock, valued at approximately $500,000.

Several other large investors also recently modified their holdings of CRWD. Quent Capital LLC raised its holdings in CrowdStrike by 59.9% in the 1st quarter. Quent Capital LLC now owns 235 shares of the company's stock valued at $75,000 after buying an additional 88 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of CrowdStrike in the first quarter worth $839,000. UniSuper Management Pty Ltd increased its holdings in CrowdStrike by 88.2% in the first quarter. UniSuper Management Pty Ltd now owns 3,200 shares of the company's stock valued at $1,026,000 after purchasing an additional 1,500 shares during the period. Crewe Advisors LLC bought a new position in CrowdStrike during the 1st quarter worth $84,000. Finally, EntryPoint Capital LLC acquired a new position in CrowdStrike during the 1st quarter worth about $103,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CRWD shares. The Goldman Sachs Group decreased their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. BNP Paribas initiated coverage on CrowdStrike in a research report on Tuesday, October 8th. They set a "neutral" rating and a $285.00 target price on the stock. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Thursday, September 19th. BMO Capital Markets raised their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. Finally, Canaccord Genuity Group reissued a "buy" rating and set a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $333.82.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $350.15 on Thursday. The company has a fifty day moving average price of $303.76 and a 200 day moving average price of $311.21. The firm has a market cap of $85.83 billion, a PE ratio of 507.46, a PEG ratio of 23.89 and a beta of 1.10. 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 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 company had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. During the same period in the prior year, the firm earned $0.06 EPS. CrowdStrike's quarterly revenue was up 31.7% compared to the same quarter last year. Research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,178 shares of the business's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.47, for a total value of $3,325,119.66. Following the transaction, the chief financial officer now owns 286,472 shares in the company, valued at $85,216,825.84. The trade was a 3.76 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the firm'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 sale, the chief accounting officer now directly owns 38,962 shares of the company's stock, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock worth $32,465,110. Company insiders own 4.34% of the company's stock.

About CrowdStrike

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.