12,073 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by Fortis Group Advisors LLC

Fortis Group Advisors LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 12,073 shares of the company’s stock, valued at approximately $3,386,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new position in CrowdStrike during the third quarter valued at approximately $28,000. Tsfg LLC lifted its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at $30,000. Finally, Family Firm Inc. bought a new position in shares of CrowdStrike in the 2nd quarter valued at $30,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In other news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares in the company, valued at approximately $38,455,315.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were 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 in the company, valued at $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,212 shares of company stock valued at $30,529,413. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRWD. UBS Group reduced their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Morgan Stanley reiterated an “overweight” rating and set a $325.00 price objective on shares of CrowdStrike in a research report on Monday, September 9th. DA Davidson restated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $380.00 to $275.00 in a report on Thursday, July 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $0.81 during mid-day trading on Tuesday, reaching $308.74. 500,821 shares of the company’s stock were exchanged, compared to its average volume of 5,168,577. 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 firm has a market capitalization of $75.14 billion, a price-to-earnings ratio of 584.06, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52 week low of $170.17 and a 52 week high of $398.33. The firm has a 50-day moving average price of $277.66 and a two-hundred day moving average price of $308.20.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million during 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 for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. Analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

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.