CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Raised by NorthRock Partners LLC

NorthRock Partners LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,738 shares of the company’s stock after buying an additional 443 shares during the period. NorthRock Partners LLC’s holdings in CrowdStrike were worth $1,048,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Arthur M. Cohen & Associates LLC increased its stake in CrowdStrike by 6.9% during the 3rd quarter. Arthur M. Cohen & Associates LLC now owns 16,627 shares of the company’s stock valued at $4,576,000 after buying an additional 1,080 shares during the period. Sentry Investment Management LLC boosted its stake in CrowdStrike by 16.6% during the 3rd quarter. Sentry Investment Management LLC now owns 1,128 shares of the company’s stock valued at $316,000 after purchasing an additional 161 shares in the last quarter. ASB Consultores LLC grew its holdings in CrowdStrike by 68.4% during the third quarter. ASB Consultores LLC now owns 886 shares of the company’s stock worth $248,000 after acquiring an additional 360 shares during the period. Moloney Securities Asset Management LLC raised its position in CrowdStrike by 6.4% in the third quarter. Moloney Securities Asset Management LLC now owns 983 shares of the company’s stock worth $276,000 after acquiring an additional 59 shares in the last quarter. Finally, PDS Planning Inc lifted its holdings in CrowdStrike by 58.6% in the 3rd quarter. PDS Planning Inc now owns 2,019 shares of the company’s stock valued at $566,000 after acquiring an additional 746 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 0.7 %

CRWD stock traded up $2.13 during midday trading on Tuesday, reaching $301.01. The company’s stock had a trading volume of 339,123 shares, compared to its average volume of 5,072,019. The business’s 50-day simple moving average is $285.51 and its 200-day simple moving average is $307.96. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 52 week low of $183.60 and a 52 week high of $398.33. The stock has a market cap of $73.79 billion, a PE ratio of 433.16, a price-to-earnings-growth ratio of 20.50 and a beta of 1.10.

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 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 return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the company earned $0.06 EPS. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 124,298 shares in the company, valued at approximately $38,455,315.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, President Michael Sentonas sold 10,776 shares of the business’s stock in a transaction dated 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 completion of the sale, the president now owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares in the company, valued at approximately $38,455,315.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock worth $30,529,413 over the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on CRWD shares. Jefferies Financial Group increased their target price on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Susquehanna reaffirmed a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Evercore ISI dropped their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

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.