Exchange Traded Concepts LLC Buys 970 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Exchange Traded Concepts LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.5% during the 3rd quarter, Holdings Channel reports. The fund owned 11,199 shares of the company’s stock after acquiring an additional 970 shares during the period. Exchange Traded Concepts LLC’s holdings in CrowdStrike were worth $3,141,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp grew its stake in shares of CrowdStrike by 47.5% in the second 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 in the last quarter. Acadian Asset Management LLC increased its holdings in shares of CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after purchasing an additional 477,706 shares during the period. Vanguard Group Inc. raised its position in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after buying an additional 315,280 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after buying an additional 242,052 shares during the period. Finally, Swedbank AB acquired a new stake in CrowdStrike during the first quarter worth approximately $73,972,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CRWD. Deutsche Bank Aktiengesellschaft cut their target price on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Oppenheimer decreased their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Evercore ISI cut their price target on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Finally, BTIG Research cut CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $310.52 on Tuesday. 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 Holdings, Inc. has a twelve month low of $170.17 and a twelve month high of $398.33. The company has a fifty day moving average of $270.55 and a 200-day moving average of $308.56. The firm has a market capitalization of $75.57 billion, a P/E ratio of 585.89, a P/E/G ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 10,776 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 value of $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 92,962 shares of company stock valued at $27,289,518. 4.34% of the stock is owned by company insiders.

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.