Great Valley Advisor Group Inc. Has $1.99 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Great Valley Advisor Group Inc. grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 184.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,091 shares of the company’s stock after acquiring an additional 4,595 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in CrowdStrike were worth $1,989,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CRWD. Jennison Associates LLC grew its position in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of 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 during the period. Bank of New York Mellon Corp boosted its stake in CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after purchasing an additional 564,662 shares during the period. Assenagon Asset Management S.A. grew its stake in shares of CrowdStrike by 248.6% in the third 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 in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after purchasing an additional 242,052 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $372.26 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a 50-day moving average of $308.04 and a 200-day moving average of $311.89. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The company has a market cap of $91.25 billion, a P/E ratio of 539.51, a P/E/G ratio of 25.88 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The business 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CRWD shares. TD Cowen dropped their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Royal Bank of Canada cut their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Evercore ISI decreased their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. DA Davidson reiterated a “buy” rating and issued a $310.00 price target on shares of CrowdStrike in a research note on Wednesday, September 18th. Finally, Needham & Company LLC assumed coverage on CrowdStrike in a research report on Monday, September 23rd. They issued a “buy” rating and a $360.00 target price for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $335.62.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 10,776 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the sale, the president now directly owns 400,390 shares in the company, valued at approximately $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 ninety days, insiders sold 108,248 shares of company stock worth $32,465,110. Corporate insiders own 4.34% of the company’s stock.

About CrowdStrike

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.