Sycomore Asset Management Invests $3.06 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sycomore Asset Management purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,854 shares of the company's stock, valued at approximately $3,055,000.

Other large investors also recently bought and sold shares of the company. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the second quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the third quarter valued at approximately $28,000. Tsfg LLC raised 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 acquiring an additional 89 shares during the last quarter. Family Firm Inc. acquired a new position in shares of CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike during the third quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Down 1.0 %

NASDAQ:CRWD traded down $3.52 during mid-day trading on Thursday, reaching $344.36. The stock had a trading volume of 2,578,059 shares, compared to its average volume of 5,031,151. 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 stock's 50 day simple moving average is $294.23 and its two-hundred day simple moving average is $309.66. CrowdStrike Holdings, Inc. has a 1-year low of $198.86 and a 1-year high of $398.33. The company has a market capitalization of $84.41 billion, a price-to-earnings ratio of 505.57, a price-to-earnings-growth ratio of 23.22 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insiders Place Their Bets

In related news, Director Sameer K. Gandhi sold 5,036 shares of the company's stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the transaction, the director now directly owns 816,730 shares of the company's stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction on Monday, September 16th. The shares were 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. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 104,248 shares of company stock worth $31,103,350. 4.34% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on CRWD shares. Royal Bank of Canada reduced their target price on CrowdStrike from $345.00 to $335.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft dropped their price target on CrowdStrike from $350.00 to $275.00 and set a "hold" rating for the company in a research report on Monday, August 26th. Morgan Stanley restated an "overweight" rating and issued a $325.00 price target on shares of CrowdStrike in a research report on Monday, September 9th. Truist Financial restated a "buy" rating and issued a $325.00 price target on shares of CrowdStrike in a research report on Wednesday, August 28th. Finally, Oppenheimer dropped their price target on CrowdStrike from $450.00 to $365.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus 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.