CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 101.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 254 shares of the company’s stock after acquiring an additional 128 shares during the period. Brown Brothers Harriman & Co.’s holdings in CrowdStrike were worth $71,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter worth $25,000. Oakworth Capital Inc. acquired a new position in CrowdStrike in the third quarter valued at about $28,000. Tsfg LLC boosted its stake in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares during the period. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the second quarter valued at about $30,000. Finally, Castleview Partners LLC purchased a new stake in shares of CrowdStrike in the 3rd quarter valued at approximately $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the sale, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $2,002,375.00. Following the completion of the sale, the director now owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. The trade was a 0.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on CRWD shares. Oppenheimer lifted their target price on shares of CrowdStrike from $365.00 to $410.00 and gave the company an “outperform” rating in a report on Wednesday. Piper Sandler lifted their price objective on CrowdStrike from $290.00 to $375.00 and gave the company an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group decreased their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Raymond James dropped their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Wells Fargo & Company raised their price objective on shares of CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $355.80.

CrowdStrike Trading Down 4.6 %

NASDAQ CRWD opened at $347.59 on Friday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. The firm has a market cap of $85.20 billion, a PE ratio of 503.75, a P/E/G ratio of 26.33 and a beta of 1.10. The firm’s fifty day moving average is $314.88 and its two-hundred day moving average is $313.01. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the business earned $0.06 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Analysts expect that CrowdStrike Holdings, Inc. will post 0.49 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.