CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Boosted by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 659.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,721 shares of the company’s stock after buying an additional 12,782 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in CrowdStrike were worth $4,129,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Quent Capital LLC lifted its stake in shares of CrowdStrike by 59.9% in the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after purchasing an additional 88 shares during the last quarter. Ontario Teachers Pension Plan Board acquired a new position in shares of CrowdStrike during the 1st quarter valued at about $273,000. Edgestream Partners L.P. acquired a new stake in CrowdStrike in the 1st quarter worth approximately $839,000. O Shaughnessy Asset Management LLC raised its position in shares of CrowdStrike by 46.1% in the first quarter. O Shaughnessy Asset Management LLC now owns 13,022 shares of the company’s stock valued at $4,175,000 after purchasing an additional 4,110 shares during the period. Finally, UniSuper Management Pty Ltd boosted its stake in CrowdStrike by 88.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 3,200 shares of the company’s stock valued at $1,026,000 after purchasing an additional 1,500 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 1.8 %

CrowdStrike stock opened at $342.97 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50-day simple moving average of $299.72 and a 200 day simple moving average of $310.63. The stock has a market capitalization of $84.07 billion, a P/E ratio of 497.06, a PEG ratio of 22.77 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. Analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on CRWD shares. Sanford C. Bernstein decreased their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Citigroup cut their price target on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Argus decreased their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. UBS Group cut their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, BMO Capital Markets lifted their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $331.90.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the completion of the sale, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 over the last 90 days. 4.34% of the stock is owned by corporate insiders.

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.