US Bancorp DE boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 5.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,716 shares of the company's stock after acquiring an additional 3,509 shares during the period. US Bancorp DE's holdings in CrowdStrike were worth $20,114,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of the company. Burney Co. bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $1,342,000. Doliver Advisors LP increased its position in CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company's stock valued at $1,894,000 after purchasing an additional 4,664 shares during the period. DekaBank Deutsche Girozentrale raised its holdings in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock worth $124,644,000 after purchasing an additional 2,863 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its stake in shares of CrowdStrike by 258.9% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 19,315 shares of the company's stock valued at $5,417,000 after purchasing an additional 13,934 shares in the last quarter. Finally, HWG Holdings LP bought a new position in CrowdStrike in the second quarter worth about $2,955,000. Hedge funds and other institutional investors own 71.16% of the company's stock.
Shares of NASDAQ CRWD opened at $303.13 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a 1 year low of $178.35 and a 1 year high of $398.33. The firm has a fifty day moving average price of $284.85 and a 200-day moving average price of $307.77. The stock has a market cap of $74.31 billion, a PE ratio of 439.32, a price-to-earnings-growth ratio of 20.79 and a beta of 1.10.
CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business's revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 earnings per share. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.
Several research firms have weighed in on CRWD. Susquehanna reaffirmed a "positive" rating and set a $310.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Wells Fargo & Company decreased their price objective on CrowdStrike from $435.00 to $350.00 and set an "overweight" rating for the company in a report on Monday, July 22nd. Canaccord Genuity Group restated a "buy" rating and set a $330.00 target price on shares of CrowdStrike in a report on Monday, September 30th. Redburn Atlantic lowered shares of CrowdStrike from a "neutral" rating to a "sell" rating and decreased their price target for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Finally, The Goldman Sachs Group lowered their price target on shares of CrowdStrike from $400.00 to $295.00 and set a "buy" rating for the company in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six 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 MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $328.74.
Read Our Latest Research Report on CRWD
In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the transaction, the director now directly owns 821,766 shares of the company's stock, valued at approximately $263,277,391.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the transaction, the director now owns 821,766 shares in the company, valued at $263,277,391.08. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business's stock in a transaction dated 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 $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 quarter, insiders have sold 103,212 shares of company stock valued at $30,529,413. 4.34% of the stock is currently owned by corporate insiders.
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.
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