Curi RMB Capital LLC Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Curi RMB Capital LLC increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,788 shares of the company’s stock after acquiring an additional 4,297 shares during the quarter. Curi RMB Capital LLC’s holdings in CrowdStrike were worth $10,318,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Planning Capital Management Corp lifted its stake in shares of CrowdStrike by 20.7% during the 3rd quarter. Planning Capital Management Corp now owns 402 shares of the company’s stock valued at $113,000 after buying an additional 69 shares in the last quarter. Huntington National Bank boosted its stake in shares of CrowdStrike by 96.5% in the third quarter. Huntington National Bank now owns 83,295 shares of the company’s stock worth $23,362,000 after acquiring an additional 40,908 shares during the period. Mizuho Securities Co. Ltd. grew its position in shares of CrowdStrike by 1,218.5% during the third quarter. Mizuho Securities Co. Ltd. now owns 12,130 shares of the company’s stock worth $3,402,000 after purchasing an additional 11,210 shares in the last quarter. ICICI Prudential Asset Management Co Ltd raised its stake in CrowdStrike by 19.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 3,038 shares of the company’s stock valued at $852,000 after purchasing an additional 505 shares during the period. Finally, Kovack Advisors Inc. lifted its holdings in CrowdStrike by 3.4% in the 3rd quarter. Kovack Advisors Inc. now owns 3,188 shares of the company’s stock worth $894,000 after purchasing an additional 104 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley reissued an “overweight” rating and set a $325.00 price objective on shares of CrowdStrike in a report on Monday, September 9th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. TD Cowen cut their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Finally, Guggenheim cut CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. One 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 company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $328.74.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,248 shares of company stock valued at $31,103,350. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 1.0 %

CRWD opened at $344.36 on Friday. The company has a market cap of $84.41 billion, a PE ratio of 499.07, a price-to-earnings-growth ratio of 23.22 and a beta of 1.10. CrowdStrike Holdings, Inc. has a twelve month low of $198.86 and a twelve month high of $398.33. The company has a 50-day moving average price of $294.23 and a 200 day moving average price of $309.66. 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 (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (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 analysts’ expectations of $958.27 million. During the same quarter in the previous year, the company posted $0.06 EPS. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

CrowdStrike 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.