Interchange Capital Partners LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Interchange Capital Partners LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,694 shares of the company’s stock after purchasing an additional 39 shares during the quarter. Interchange Capital Partners LLC’s holdings in CrowdStrike were worth $1,036,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter valued at $25,000. Family Firm Inc. purchased a new stake in shares of CrowdStrike during the second quarter valued at $30,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike in the second quarter worth about $33,000. Unique Wealth Strategies LLC purchased a new position in CrowdStrike in the 2nd quarter worth about $36,000. Finally, Hobbs Group Advisors LLC bought a new stake in CrowdStrike during the 2nd quarter valued at about $38,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $4.86 during mid-day trading on Friday, reaching $301.73. The stock had a trading volume of 741,584 shares, compared to its average volume of 5,097,025. CrowdStrike Holdings, Inc. has a 1-year low of $178.35 and a 1-year high of $398.33. The firm has a market cap of $73.96 billion, a price-to-earnings ratio of 437.25, a PEG ratio of 20.79 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 fifty day moving average is $284.22 and its 200-day moving average is $307.74.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) 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 analyst estimates of $958.27 million. During the same period last year, the firm posted $0.06 EPS. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the sale, the director now directly owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the sale, the director now owns 821,766 shares in the company, valued at approximately $263,277,391.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock worth $30,529,413 over the last three months. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Sanford C. Bernstein reduced their target price on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Susquehanna reaffirmed a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Stifel Nicolaus decreased their price objective on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Raymond James dropped their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

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.