CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Truvestments Capital LLC

Truvestments Capital LLC boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 926 shares of the company’s stock after buying an additional 142 shares during the period. Truvestments Capital LLC’s holdings in CrowdStrike were worth $260,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CRWD. Jennison Associates LLC raised its holdings in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after buying an additional 1,013,161 shares during the period. International Assets Investment Management LLC grew its position in CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after acquiring an additional 920,695 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of CrowdStrike by 1,655.9% during the third quarter. Daiwa Securities Group Inc. now owns 755,951 shares of the company’s stock valued at $212,021,000 after purchasing an additional 712,900 shares during the period. Bank of New York Mellon Corp lifted its position in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after purchasing an additional 564,662 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its stake in shares of CrowdStrike by 248.6% in the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after purchasing an additional 371,695 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent analyst reports. Truist Financial boosted their price objective on shares of CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a report on Monday, November 18th. BMO Capital Markets boosted their price target on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. UBS Group reduced their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Evercore ISI lifted their price objective on CrowdStrike from $325.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Royal Bank of Canada reduced their target price on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $339.08.

CrowdStrike Stock Performance

CRWD stock opened at $363.68 on Tuesday. The company has a 50-day simple moving average of $309.95 and a 200 day simple moving average of $312.22. The company has a market capitalization of $89.15 billion, a P/E ratio of 527.07, a PEG ratio of 26.95 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly 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. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the prior year, the business posted $0.06 EPS. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,248 shares of company stock valued at $32,465,110. 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.