CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Iron Gate Global Advisors LLC

Iron Gate Global Advisors LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 12.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,385 shares of the company’s stock after acquiring an additional 155 shares during the quarter. Iron Gate Global Advisors LLC’s holdings in CrowdStrike were worth $388,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of CRWD. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the 2nd quarter valued at about $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $28,000. Tsfg LLC raised its position in CrowdStrike by 593.3% in the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. acquired a new position in CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike during the 3rd quarter worth approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $346.80 on Tuesday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The company has a market cap of $85.01 billion, a PE ratio of 680.01, a P/E/G ratio of 20.26 and a beta of 1.11. The business has a 50-day simple moving average of $315.80 and a two-hundred day simple moving average of $312.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, November 26th. The company reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.11. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $982.80 million. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm’s revenue was up 28.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.5 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 30,000 shares of the business’s stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $348.93, for a total transaction of $10,467,900.00. Following the sale, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. The trade was a 41.44 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated 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 sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,248 shares of company stock valued at $42,933,010. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. CICC Research started coverage on CrowdStrike in a research report on Monday, November 18th. They set a “market perform” rating and a $295.00 price objective for the company. Oppenheimer upped their price objective on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. UBS Group reduced their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Cantor Fitzgerald increased their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an “overweight” rating in a report on Thursday, November 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $355.80.

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.