Westport Asset Management Inc. Buys New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Westport Asset Management Inc. acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, according to the company in its most recent filing with the SEC. The fund acquired 1,000 shares of the company’s stock, valued at approximately $280,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Shum Financial Group Inc. acquired a new stake in CrowdStrike in the third quarter valued at $217,000. Brooklyn Investment Group increased its position in shares of CrowdStrike by 13.1% in the 3rd quarter. Brooklyn Investment Group now owns 1,549 shares of the company’s stock worth $434,000 after purchasing an additional 179 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of CrowdStrike by 44.3% in the 3rd quarter. D.A. Davidson & CO. now owns 36,858 shares of the company’s stock valued at $10,338,000 after purchasing an additional 11,310 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of CrowdStrike by 19.3% during the third quarter. The Manufacturers Life Insurance Company now owns 159,034 shares of the company’s stock worth $44,604,000 after purchasing an additional 25,774 shares during the last quarter. Finally, Trust Asset Management LLC bought a new position in shares of CrowdStrike during the third quarter worth about $724,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CRWD shares. Stifel Nicolaus upped their price objective on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Argus reduced their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. Wedbush set a $330.00 target price on shares of CrowdStrike in a research note on Thursday, October 17th. Cantor Fitzgerald increased their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, DA Davidson reaffirmed a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $339.08.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $0.04 during trading hours on Tuesday, hitting $363.64. 1,438,332 shares of the company’s stock traded hands, compared to its average volume of 4,968,080. 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 company’s fifty day simple moving average is $309.95 and its two-hundred day simple moving average is $312.22. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company has a market cap of $89.14 billion, a price-to-earnings ratio of 527.07, a price-to-earnings-growth ratio of 26.95 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 (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 firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. This trade represents a 0.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated 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 owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 over the last three months. Company insiders own 4.34% of the company’s stock.

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.