Raymond James Trust N.A. Acquires 7,253 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Raymond James Trust N.A. grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 36.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,036 shares of the company’s stock after acquiring an additional 7,253 shares during the period. Raymond James Trust N.A.’s holdings in CrowdStrike were worth $7,583,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike in the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike in the third quarter valued at approximately $28,000. Tsfg LLC lifted its stake in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the last quarter. Family Firm Inc. bought a new stake in shares of CrowdStrike during the 2nd quarter worth $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike in the 3rd quarter worth $32,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 2.1 %

CRWD opened at $357.55 on Friday. The firm’s fifty day moving average is $305.77 and its two-hundred day moving average is $311.53. The firm has a market cap of $87.65 billion, a PE ratio of 518.19, a price-to-earnings-growth ratio of 23.89 and a beta of 1.10. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month 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 data 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 return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the business posted $0.06 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on 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 directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This trade represents a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 over the last 90 days. 4.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CRWD shares. UBS Group lowered their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Jefferies Financial Group lifted their price target on CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Needham & Company LLC initiated coverage on CrowdStrike in a research report on Monday, September 23rd. They set a “buy” rating and a $360.00 target price on the stock. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Royal Bank of Canada lowered their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have given a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $334.33.

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.