Westport Asset Management Inc. Acquires New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Westport Asset Management Inc. purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter, Holdings Channel.com reports. The firm purchased 1,000 shares of the company’s stock, valued at approximately $280,000.

Other institutional investors have also made changes to their positions in the company. Quent Capital LLC raised its holdings in CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after buying an additional 88 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in shares of CrowdStrike in the 1st quarter valued at approximately $218,000. Ancora Advisors LLC lifted its holdings in CrowdStrike by 33.7% in the 1st quarter. Ancora Advisors LLC now owns 4,266 shares of the company’s stock worth $1,368,000 after purchasing an additional 1,075 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in CrowdStrike by 7.5% during the first quarter. B. Riley Wealth Advisors Inc. now owns 16,641 shares of the company’s stock worth $5,335,000 after purchasing an additional 1,163 shares during the period. Finally, California State Teachers Retirement System grew its holdings in CrowdStrike by 1.0% during the first quarter. California State Teachers Retirement System now owns 351,470 shares of the company’s stock valued at $112,678,000 after purchasing an additional 3,351 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,248 shares of company stock worth $32,465,110. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research note on Monday, November 4th. Susquehanna reissued a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Jefferies Financial Group raised their price target on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Morgan Stanley boosted their price objective on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. Finally, TD Cowen decreased their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have issued a buy rating and four have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $339.08.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $0.04 during trading on Tuesday, reaching $363.64. The company’s stock had a trading volume of 1,438,332 shares, compared to its average volume of 4,968,080. The stock has a 50-day moving average price of $309.95 and a two-hundred day moving average price of $312.22. The stock has a market capitalization of $89.14 billion, a P/E ratio of 527.07, a price-to-earnings-growth ratio of 26.95 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. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced 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. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was up 31.7% on a year-over-year basis. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current fiscal year.

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.