Lafayette Investments Inc. Buys New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lafayette Investments Inc. bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,550 shares of the company’s stock, valued at approximately $435,000.

Several other institutional investors and hedge funds also recently made changes to their positions in CRWD. Riverview Trust Co purchased a new position in CrowdStrike during the 1st quarter valued at about $36,000. Sunbelt Securities Inc. raised its stake in CrowdStrike by 65.9% during the first quarter. Sunbelt Securities Inc. now owns 1,274 shares of the company’s stock valued at $408,000 after buying an additional 506 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in CrowdStrike in the first quarter worth $32,000. Key Client Fiduciary Advisors LLC purchased a new stake in shares of CrowdStrike in the first quarter worth $211,000. Finally, ERn Financial LLC bought a new position in shares of CrowdStrike during the first quarter valued at $208,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of the business’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 owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,212 shares of company stock worth $30,529,413. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several recent analyst reports. Canaccord Genuity Group reissued a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Citigroup reduced their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Raymond James lowered their price objective on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. TD Cowen reduced their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Evercore ISI lowered their price target on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. One equities 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 issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Price Performance

CRWD traded up $3.31 during midday trading on Thursday, hitting $302.61. 293,600 shares of the company traded hands, compared to its average volume of 5,143,767. The business has a 50 day simple moving average of $279.73 and a two-hundred day simple moving average of $308.09. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $73.64 billion, a price-to-earnings ratio of 564.72, a PEG ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52-week low of $170.17 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period last year, the business earned $0.06 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

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.