CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stake Boosted by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 19.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,017 shares of the company’s stock after buying an additional 501 shares during the quarter. Clear Creek Financial Management LLC’s holdings in CrowdStrike were worth $846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the second quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the 3rd quarter valued at about $28,000. Tsfg LLC lifted its position in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Family Firm Inc. purchased a new position in CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike in the 3rd quarter valued at approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $303.13 on Monday. CrowdStrike Holdings, Inc. has a twelve month low of $178.35 and a twelve month high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market cap of $74.31 billion, a P/E ratio of 439.32, a PEG ratio of 20.07 and a beta of 1.10. The company’s 50-day simple moving average is $284.85 and its 200 day simple moving average is $307.93.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during 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%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 EPS. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on CRWD shares. Truist Financial restated a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Tuesday, September 24th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Finally, Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $328.74.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction 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 trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,325 shares of the firm’s 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 sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,212 shares of company stock worth $30,529,413. Corporate insiders own 4.34% of the company’s stock.

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.