Iron Gate Global Advisors LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Iron Gate Global Advisors LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 12.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,385 shares of the company’s stock after purchasing an additional 155 shares during the quarter. Iron Gate Global Advisors LLC’s holdings in CrowdStrike were worth $388,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Itau Unibanco Holding S.A. increased its holdings in CrowdStrike by 65,275.6% in the 3rd quarter. Itau Unibanco Holding S.A. now owns 56,223 shares of the company’s stock valued at $15,769,000 after purchasing an additional 56,137 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its holdings in shares of CrowdStrike by 27.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 625,849 shares of the company’s stock valued at $175,532,000 after acquiring an additional 135,964 shares in the last quarter. Harmony Asset Management LLC boosted its position in CrowdStrike by 20.3% during the third quarter. Harmony Asset Management LLC now owns 2,366 shares of the company’s stock worth $664,000 after purchasing an additional 400 shares during the period. Harbor Advisors LLC grew its position in CrowdStrike by 47.1% during the third quarter. Harbor Advisors LLC now owns 6,250 shares of the company’s stock worth $1,753,000 after buying an additional 2,000 shares in the last quarter. Finally, Hilltop Holdings Inc. lifted its holdings in CrowdStrike by 1.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 1,932 shares of the company’s stock valued at $542,000 after purchasing an additional 34 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CRWD shares. Scotiabank dropped their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Monday, November 25th. Piper Sandler lifted their price target on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research report on Wednesday, November 27th. Oppenheimer raised their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the stock an “outperform” rating in a report on Wednesday, November 27th. Finally, Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $355.80.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction on Friday, November 29th. The stock was sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the sale, the director now owns 42,391 shares of the company’s stock, valued at approximately $14,791,491.63. This trade represents a 41.44 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 138,248 shares of company stock valued at $42,933,010 in the last quarter. Company insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD stock opened at $346.80 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock’s 50 day moving average is $315.80 and its two-hundred day moving average is $312.87. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The company has a market capitalization of $85.01 billion, a PE ratio of 680.01, a P/E/G ratio of 20.26 and a beta of 1.11.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, November 26th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.11. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $982.80 million. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. CrowdStrike’s revenue was up 28.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Analysts predict that CrowdStrike Holdings, Inc. will post 0.5 earnings per share for the current fiscal year.

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.