Grandview Asset Management LLC Has $3.43 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Grandview Asset Management LLC cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,229 shares of the company’s stock after selling 574 shares during the period. CrowdStrike accounts for about 2.0% of Grandview Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Grandview Asset Management LLC’s holdings in CrowdStrike were worth $3,430,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the 2nd quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the first quarter worth $30,000. Family Firm Inc. bought a new stake in shares of CrowdStrike during the second quarter worth $30,000. Northwest Bank & Trust Co acquired a new stake in shares of CrowdStrike in the fourth quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of CrowdStrike in the first quarter valued at about $32,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Up 3.0 %

CRWD traded up $8.49 during trading hours on Friday, hitting $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 market cap of $71.12 billion, a price-to-earnings ratio of 551.40, a PEG ratio of 19.60 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1-year low of $160.92 and a 1-year high of $398.33. The stock’s 50-day moving average is $261.84 and its two-hundred day moving average is $309.60. 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 (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $958.27 million. During the same period in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 completion of the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares in the company, valued at approximately $67,985,350.12. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,962 shares of company stock valued at $28,774,798. 4.34% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on CRWD shares. Scotiabank decreased their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Truist Financial reissued a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. Raymond James dropped their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Tuesday, September 24th. Finally, Morgan Stanley restated an “overweight” rating and set a $325.00 target price on shares of CrowdStrike in a research report on Monday, September 9th. One equities research 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 assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average 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.