Creative Planning Purchases 14,609 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Creative Planning lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 9.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,349 shares of the company’s stock after acquiring an additional 14,609 shares during the period. Creative Planning owned approximately 0.07% of CrowdStrike worth $48,619,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Burney Co. purchased a new position in shares of CrowdStrike in the first quarter worth $1,342,000. Doliver Advisors LP increased its holdings in CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares in the last quarter. HWG Holdings LP purchased a new position in CrowdStrike in the 2nd quarter worth about $2,955,000. Principal Financial Group Inc. lifted its stake in CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after acquiring an additional 242,052 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its holdings in shares of CrowdStrike by 24.3% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock valued at $3,855,000 after acquiring an additional 1,966 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research reports. Oppenheimer decreased their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Robert W. Baird decreased their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Needham & Company LLC started coverage on CrowdStrike in a research note on Monday, September 23rd. They issued a “buy” rating and a $360.00 price target on the stock. Piper Sandler reiterated an “overweight” rating and set a $290.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now owns 821,766 shares in the company, valued at approximately $263,277,391.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,212 shares of company stock valued at $30,529,413. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $310.15 on Friday. The stock has a market capitalization of $75.48 billion, a PE ratio of 585.19, a P/E/G ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1-year low of $170.17 and a 1-year high of $398.33. The business has a 50 day simple moving average of $276.25 and a two-hundred day simple moving average of $308.28. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. On average, research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

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.