Tidemark LLC Purchases 48 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tidemark LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 645 shares of the company’s stock after acquiring an additional 48 shares during the period. Tidemark LLC’s holdings in CrowdStrike were worth $181,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the second quarter valued at $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike during the 3rd quarter valued at about $28,000. Tsfg LLC increased its position 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 buying an additional 89 shares during the period. Family Firm Inc. purchased a new position in shares of CrowdStrike during the second quarter valued at about $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike in the third quarter worth about $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on CRWD shares. Wells Fargo & Company cut their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. UBS Group reduced their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Sanford C. Bernstein decreased their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a report on Thursday, September 5th. JMP Securities restated a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. Finally, Jefferies Financial Group increased their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, 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 a total of 108,248 shares of company stock worth $32,465,110 over the last quarter. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

NASDAQ CRWD opened at $339.89 on Monday. The company has a 50-day moving average price of $297.79 and a 200-day moving average price of $310.36. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $83.32 billion, a P/E ratio of 488.04, a PEG ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 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 business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the company earned $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

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.