Lee Johnson Capital Management LLC Purchases New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lee Johnson Capital Management LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 13,435 shares of the company’s stock, valued at approximately $3,768,000. CrowdStrike comprises about 1.9% of Lee Johnson Capital Management LLC’s portfolio, making the stock its 17th biggest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike during the second quarter worth approximately $25,000. Family Firm Inc. bought a new position in CrowdStrike in the 2nd quarter worth approximately $30,000. Itau Unibanco Holding S.A. bought a new position in CrowdStrike in the 2nd quarter worth approximately $33,000. Unique Wealth Strategies LLC acquired a new position in CrowdStrike during the 2nd quarter worth $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the 1st quarter valued at $30,000. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CRWD. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Morgan Stanley reissued an “overweight” rating and set a $325.00 price objective on shares of CrowdStrike in a report on Monday, September 9th. Royal Bank of Canada reduced their target price on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Canaccord Genuity Group reissued a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a research note on Monday, September 30th. Finally, Scotiabank cut their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Stock Down 0.1 %

Shares of CRWD stock traded down $0.19 on Friday, hitting $310.15. 2,897,118 shares of the stock were exchanged, compared to its average volume of 5,201,307. 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 firm has a market capitalization of $75.48 billion, a P/E ratio of 585.19, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. The business has a 50-day moving average of $276.25 and a 200 day moving average of $308.28. CrowdStrike Holdings, Inc. has a fifty-two week low of $170.17 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released 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. The firm had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO George Kurtz sold 55,325 shares of the 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 of the company’s stock, valued at approximately $329,172,858.52. This represents 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. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is owned by insiders.

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.