AAFMAA Wealth Management & Trust LLC Acquires 516 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

AAFMAA Wealth Management & Trust LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 85.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,118 shares of the company’s stock after buying an additional 516 shares during the period. AAFMAA Wealth Management & Trust LLC’s holdings in CrowdStrike were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Integrated Advisors Network LLC purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $431,000. American International Group Inc. boosted its stake in CrowdStrike by 1.9% during the fourth quarter. American International Group Inc. now owns 19,431 shares of the company’s stock worth $4,961,000 after buying an additional 369 shares during the period. Wellington Management Group LLP increased its position in CrowdStrike by 5,452.5% during the fourth quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock valued at $36,902,000 after acquiring an additional 141,929 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in shares of CrowdStrike in the fourth quarter valued at $464,000. Finally, SageView Advisory Group LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth about $349,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

Shares of CRWD opened at $306.24 on Thursday. 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 company’s fifty day moving average price is $273.47 and its 200-day moving average price is $308.41. CrowdStrike Holdings, Inc. has a 1-year low of $170.17 and a 1-year high of $398.33. The firm has a market capitalization of $74.53 billion, a PE ratio of 577.81, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating 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 business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the business earned $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Activity

In related news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock valued at $30,529,413 in the last ninety days. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent analyst reports. Truist Financial reissued a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and upped their price objective for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Robert W. Baird decreased their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Evercore ISI cut their price target on shares of 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 assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $325.44.

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.