Amalgamated Bank Has $18.66 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Amalgamated Bank increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 234.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,685 shares of the company’s stock after acquiring an additional 34,118 shares during the quarter. Amalgamated Bank’s holdings in CrowdStrike were worth $18,656,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike during the first quarter worth $30,000. Family Firm Inc. bought a new position in shares of CrowdStrike in the second quarter valued at $30,000. Johnson Financial Group Inc. bought a new position in shares of CrowdStrike in the fourth quarter valued at $31,000. Northwest Bank & Trust Co bought a new position in shares of CrowdStrike in the fourth quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of CrowdStrike in the first quarter valued at $32,000. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wedbush reissued an “outperform” rating and set a $315.00 price target on shares of CrowdStrike in a research report on Friday, August 9th. Citigroup reduced their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Susquehanna reduced their target price on shares of CrowdStrike from $410.00 to $310.00 and set a “positive” rating for the company in a research note on Thursday, September 5th. Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Finally, Oppenheimer reduced their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $327.16.

CrowdStrike Stock Up 0.3 %

NASDAQ CRWD opened at $268.72 on Wednesday. The company has a market capitalization of $65.40 billion, a P/E ratio of 507.02, a P/E/G ratio of 16.14 and a beta of 1.09. The stock has a 50 day moving average price of $271.34 and a 200-day moving average price of $312.95. CrowdStrike Holdings, Inc. has a one year low of $157.59 and a one year high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly 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 company had revenue of $963.87 million during 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%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction 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 completion of the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock worth $48,306,394 over the last three months. 4.34% of the stock is owned by insiders.

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.