CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by SouthState Corp

SouthState Corp grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 308 shares of the company’s stock after acquiring an additional 40 shares during the quarter. SouthState Corp’s holdings in CrowdStrike were worth $86,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Legal & General Group Plc grew its position in CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in shares of CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the last quarter. Federated Hermes Inc. increased its position in CrowdStrike by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock valued at $426,212,000 after acquiring an additional 9,564 shares during the period. Finally, International Assets Investment Management LLC raised its stake in CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock valued at $259,668,000 after acquiring an additional 920,695 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 3.0 %

NASDAQ CRWD opened at $353.29 on Wednesday. The company has a market cap of $86.60 billion, a P/E ratio of 512.01, a P/E/G ratio of 22.77 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. 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 company has a 50-day moving average of $301.83 and a 200-day moving average of $310.94.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 earnings per share. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,776 shares of the stock in a transaction on 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 of the company’s stock, valued at $119,027,939.20. The trade was a 2.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CRWD shares. Royal Bank of Canada dropped their target price on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Morgan Stanley increased their price target on shares of CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Wedbush set a $330.00 price objective on CrowdStrike in a report on Thursday, October 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $331.90.

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.