CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Legacy Bridge LLC

Legacy Bridge LLC increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 976.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 140 shares of the company’s stock after acquiring an additional 127 shares during the quarter. Legacy Bridge LLC’s holdings in CrowdStrike were worth $39,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRWD. International Assets Investment Management LLC raised its position in shares of CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after purchasing an additional 920,695 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after acquiring an additional 564,662 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after acquiring an additional 371,695 shares in the last quarter. Principal Financial Group Inc. grew its holdings in CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after acquiring an additional 242,052 shares in the last quarter. Finally, Swedbank AB bought a new stake in shares of CrowdStrike in the 1st quarter worth about $73,972,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 1.8 %

NASDAQ:CRWD opened at $342.97 on Tuesday. The stock has a fifty day simple moving average of $299.72 and a 200 day simple moving average of $310.63. 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 firm has a market capitalization of $84.07 billion, a price-to-earnings ratio of 497.06, a price-to-earnings-growth ratio of 22.77 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.

CrowdStrike (NASDAQ:CRWD) last announced 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 during the quarter, compared to analysts’ expectations of $958.27 million. During the same period last year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the sale, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $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 three months, insiders have sold 108,248 shares of company stock worth $32,465,110. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. 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. Barclays boosted their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday. BTIG Research cut CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $331.90.

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.