CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Increased by InTrack Investment Management Inc

InTrack Investment Management Inc raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 114.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,294 shares of the company’s stock after buying an additional 2,290 shares during the quarter. InTrack Investment Management Inc’s holdings in CrowdStrike were worth $1,204,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Arlington Financial Advisors LLC lifted its stake in CrowdStrike by 1.5% during the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares in the last quarter. Saturna Capital Corp increased its holdings in shares of CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares during the period. Means Investment CO. Inc. increased its holdings in shares of CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares during the period. Albion Financial Group UT increased its holdings in shares of CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after purchasing an additional 39 shares during the period. Finally, Quotient Wealth Partners LLC increased its holdings in shares of CrowdStrike by 5.0% in the 2nd quarter. Quotient Wealth Partners LLC now owns 896 shares of the company’s stock valued at $343,000 after purchasing an additional 43 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 1.7 %

CRWD opened at $320.21 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $170.17 and a 1-year high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $78.49 billion, a price-to-earnings ratio of 464.07, a P/E/G ratio of 19.94 and a beta of 1.10. The business has a 50 day moving average of $268.78 and a 200-day moving average of $308.72.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the business earned $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,962 shares of company stock valued at $28,774,798 over the last ninety days. 4.34% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Wells Fargo & Company dropped their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. KeyCorp upped their target price on CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. UBS Group dropped their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $325.00 target price on shares of CrowdStrike in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $325.44.

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.