Zevin Asset Management LLC Purchases 2,501 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Zevin Asset Management LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 12.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,095 shares of the company's stock after buying an additional 2,501 shares during the quarter. Zevin Asset Management LLC's holdings in CrowdStrike were worth $6,477,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Quent Capital LLC grew its position in shares of CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company's stock worth $75,000 after buying an additional 88 shares in the last quarter. Ontario Teachers Pension Plan Board acquired a new stake in CrowdStrike during the first quarter valued at approximately $273,000. Edgestream Partners L.P. bought a new position in shares of CrowdStrike in the 1st quarter worth about $839,000. Jacobi Capital Management LLC lifted its position in CrowdStrike by 14.1% in the first quarter. Jacobi Capital Management LLC now owns 1,265 shares of the company's stock worth $406,000 after purchasing an additional 156 shares during the period. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of CrowdStrike in the 1st quarter worth approximately $591,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Up 1.7 %

Shares of CRWD traded up $5.63 during trading hours on Monday, hitting $342.38. The stock had a trading volume of 1,771,026 shares, compared to its average volume of 5,009,517. The firm has a 50 day simple moving average of $297.79 and a 200-day simple moving average of $310.36. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year 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 firm has a market capitalization of $83.93 billion, a P/E ratio of 501.51, a price-to-earnings-growth ratio of 22.77 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, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The firm's revenue for the quarter was up 31.7% on a year-over-year basis. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now directly owns 120,298 shares of the company's stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through 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 sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 in the last quarter. 4.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent analyst reports. Oppenheimer dropped their price target on CrowdStrike from $450.00 to $365.00 and set an "outperform" rating on the stock in a research report on Thursday, August 29th. UBS Group dropped their price target on shares of CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a research report on Thursday, August 29th. BTIG Research cut shares of CrowdStrike from a "buy" rating to a "neutral" rating in a report on Monday, July 22nd. Hsbc Global Res upgraded CrowdStrike from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 30th. Finally, Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $350.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $332.87.

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.