CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,487 shares of the company’s stock after acquiring an additional 200 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in CrowdStrike were worth $1,258,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Jennison Associates LLC raised its position in shares of CrowdStrike by 25.0% in the third 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 last quarter. Legal & General Group Plc raised its position in shares of CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after buying an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after buying an additional 77,100 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of CrowdStrike by 1.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock valued at $379,895,000 after buying an additional 20,899 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated 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 directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $372.26 on Friday. The firm has a market cap of $91.25 billion, a price-to-earnings ratio of 539.51, a price-to-earnings-growth ratio of 25.88 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The firm’s fifty day moving average price is $308.04 and its 200 day moving average price is $311.91. 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 (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the firm earned $0.06 EPS. The business’s revenue was up 31.7% on a year-over-year basis. On average, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several recent analyst reports. Argus cut their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Raymond James lowered their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Sanford C. Bernstein lowered their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, DA Davidson reissued a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $335.62.

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.