Seneca House Advisors Purchases New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Seneca House Advisors acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 968 shares of the company’s stock, valued at approximately $271,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Pathstone Holdings LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $450,418,000. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the period. Bank of New York Mellon Corp lifted its stake in CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after acquiring an additional 564,662 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after acquiring an additional 477,706 shares during the period. Finally, Frontier Capital Management Co. LLC acquired a new position in CrowdStrike in the 4th quarter valued at about $100,459,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now owns 183,091 shares of the company’s stock, valued at $67,985,350.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 96,962 shares of company stock worth $28,774,798 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

CRWD stock traded up $8.49 on Friday, reaching $292.24. 3,121,193 shares of the company’s stock were exchanged, compared to its average volume of 5,277,903. The stock has a fifty day moving average of $261.84 and a 200-day moving average of $309.68. The firm has a market cap of $71.12 billion, a PE ratio of 551.40, a P/E/G ratio of 19.60 and a beta of 1.09. 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 twelve month low of $160.92 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 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 firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Truist Financial reiterated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Wednesday, August 28th. Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Needham & Company LLC initiated coverage on CrowdStrike in a research report on Monday, September 23rd. They issued a “buy” rating and a $360.00 price target on the stock. Finally, Canaccord Genuity Group reissued a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $326.50.

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.