Nicolet Advisory Services LLC Acquires 287 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Nicolet Advisory Services LLC increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 38.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,034 shares of the company’s stock after purchasing an additional 287 shares during the period. Nicolet Advisory Services LLC’s holdings in CrowdStrike were worth $293,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the 2nd quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new position in CrowdStrike during the third quarter valued at approximately $28,000. Tsfg LLC raised its position in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the second quarter worth $30,000. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike during the 3rd quarter worth $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CRWD. Robert W. Baird cut their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Oppenheimer decreased their target price on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Needham & Company LLC assumed coverage on CrowdStrike in a research report on Monday, September 23rd. They issued a “buy” rating and a $360.00 price target on the stock. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Finally, Barclays upped their target price on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $335.62.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the business’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 $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now directly owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Up 4.1 %

Shares of CRWD opened at $372.26 on Monday. The firm has a market capitalization of $91.25 billion, a price-to-earnings ratio of 539.51, a PEG ratio of 25.88 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week 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. The business’s fifty day moving average price is $308.04 and its two-hundred day moving average price is $311.89.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the company earned $0.06 earnings per share. The company’s revenue was up 31.7% on a year-over-year basis. On average, analysts predict that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

CrowdStrike Company 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.