Raymond James Trust N.A. Has $7.58 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Raymond James Trust N.A. lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 36.7% during the third quarter, Holdings Channel.com reports. The fund owned 27,036 shares of the company’s stock after buying an additional 7,253 shares during the period. Raymond James Trust N.A.’s holdings in CrowdStrike were worth $7,583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. Jennison Associates LLC raised its stake in shares of CrowdStrike by 25.0% during the 3rd quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC raised its position in CrowdStrike by 17,926.3% during the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in 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 during the last quarter. Assenagon Asset Management S.A. grew its position in shares of CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock valued at $146,180,000 after acquiring an additional 371,695 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after purchasing an additional 242,052 shares during the period. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CRWD. Stifel Nicolaus lifted their price target on CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird reduced their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and increased their price target for the company from $302.00 to $339.00 in a research note on Friday, August 30th. KeyCorp lifted their price objective on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Monday, September 23rd. Finally, Cantor Fitzgerald increased their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.33.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $357.55 on Friday. The firm has a market capitalization of $87.65 billion, a price-to-earnings ratio of 518.19, a PEG ratio of 23.89 and a beta of 1.10. 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 business’s 50-day moving average price is $305.77 and its 200-day moving average price is $311.53. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling

In other news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock valued at $32,465,110 in the last three months. 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.