Charles Schwab Investment Management Inc. Has $379.90 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Charles Schwab Investment Management Inc. lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,354,494 shares of the company’s stock after buying an additional 20,899 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in CrowdStrike were worth $379,895,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike in the second quarter worth $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the third quarter worth approximately $28,000. Tsfg LLC grew its stake in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after acquiring an additional 89 shares during the period. Family Firm Inc. bought a new stake in shares of CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike during the third quarter worth approximately $32,000. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the subject of several research reports. DA Davidson reissued a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a research report on Wednesday, September 18th. JPMorgan Chase & Co. decreased their target price on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. The Goldman Sachs Group cut their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Evercore ISI lowered their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Finally, Scotiabank dropped their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $335.62.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred 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 completion of the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,776 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares in the company, valued at $119,027,939.20. The trade was a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $372.26 on Friday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. The firm’s 50-day moving average is $308.04 and its 200 day moving average is $311.91. The stock has a market cap of $91.25 billion, a price-to-earnings ratio of 539.51, a PEG ratio of 23.89 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $958.27 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal 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.