Citizens Financial Group Inc. RI Has $618,000 Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Citizens Financial Group Inc. RI grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 94.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,613 shares of the company’s stock after purchasing an additional 782 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in CrowdStrike were worth $618,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike during the first quarter worth approximately $30,000. Family Firm Inc. bought a new position in CrowdStrike during the 2nd quarter worth $30,000. Johnson Financial Group Inc. acquired a new position in CrowdStrike in the 4th quarter valued at $31,000. Northwest Bank & Trust Co acquired a new position in CrowdStrike in the 4th quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth $32,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, CEO George Kurtz sold 55,587 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the transaction, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the transaction, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock worth $48,306,394 in the last quarter. 4.34% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on CRWD. FBN Securities raised CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Wedbush restated an “outperform” rating and issued a $315.00 target price on shares of CrowdStrike in a research report on Friday, August 9th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Susquehanna lowered their price objective on shares of CrowdStrike from $410.00 to $310.00 and set a “positive” rating for the company in a research report on Thursday, September 5th. Finally, Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given 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 target price of $327.16.

CrowdStrike Price Performance

CRWD stock opened at $267.12 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $269.19 and its 200 day simple moving average is $312.63. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33. The firm has a market cap of $65.01 billion, a price-to-earnings ratio of 504.00, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The company 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 for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.06 EPS. On average, analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

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.