Fulton Bank N.A. Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fulton Bank N.A. increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 46.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,143 shares of the company’s stock after purchasing an additional 684 shares during the period. Fulton Bank N.A.’s holdings in CrowdStrike were worth $601,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in CrowdStrike in the first quarter worth $30,000. Family Firm Inc. acquired a new stake in CrowdStrike in the second quarter valued at $30,000. Northwest Bank & Trust Co acquired a new position in shares of CrowdStrike during the 4th quarter worth $32,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $302.00 to $339.00 in a report on Friday, August 30th. Royal Bank of Canada lowered their price target on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. UBS Group decreased their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $325.44.

CrowdStrike Trading Up 2.1 %

NASDAQ CRWD opened at $293.01 on Wednesday. The stock has a market cap of $71.31 billion, a P/E ratio of 552.85, a PEG ratio of 19.60 and a beta of 1.10. The company’s fifty day simple moving average is $262.40 and its 200-day simple moving average is $309.18. 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 52 week low of $170.17 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued 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. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred 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 directly owns 183,091 shares in the company, valued at $67,985,350.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Burt W. Podbere sold 11,178 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the completion of the sale, the chief financial officer now directly owns 286,472 shares of the company’s stock, valued at $85,216,825.84. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,962 shares of company stock valued at $28,774,798. Insiders own 4.34% of the company’s stock.

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.