CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Increased by Summit Partners Public Asset Management LLC

Summit Partners Public Asset Management LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 101,813 shares of the company’s stock after acquiring an additional 18,089 shares during the period. CrowdStrike accounts for approximately 0.9% of Summit Partners Public Asset Management LLC’s holdings, making the stock its 28th biggest position. Summit Partners Public Asset Management LLC’s holdings in CrowdStrike were worth $28,555,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CRWD. Quent Capital LLC lifted its holdings in shares of CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after purchasing an additional 88 shares during the last quarter. Silvercrest Asset Management Group LLC acquired a new stake in CrowdStrike during the 1st quarter worth about $218,000. Citizens Financial Group Inc. RI lifted its stake in CrowdStrike by 6.0% during the first quarter. Citizens Financial Group Inc. RI now owns 831 shares of the company’s stock valued at $266,000 after buying an additional 47 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of CrowdStrike in the first quarter worth about $769,000. Finally, LRI Investments LLC purchased a new position in shares of CrowdStrike in the first quarter worth approximately $147,000. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 3.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages recently commented on CRWD. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a research report on Monday, September 30th. Truist Financial raised their target price on CrowdStrike from $325.00 to $375.00 and gave the stock a “buy” rating in a research report on Monday, November 18th. Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Monday. Finally, JMP Securities reiterated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $355.80.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $347.59 on Friday. The firm’s 50-day moving average is $314.88 and its 200-day moving average is $313.01. The company has a market cap of $85.20 billion, a price-to-earnings ratio of 503.75, a PEG ratio of 26.33 and a beta of 1.10. 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 Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the company posted $0.06 earnings per share. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

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.