CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Fred Alger Management LLC

Fred Alger Management LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 45.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 77,645 shares of the company’s stock after acquiring an additional 24,151 shares during the period. Fred Alger Management LLC’s holdings in CrowdStrike were worth $21,777,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CRWD. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the second quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the 3rd quarter valued at about $28,000. Tsfg LLC boosted its stake in shares of CrowdStrike by 593.3% in 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 last quarter. Family Firm Inc. acquired a new stake in CrowdStrike during the second quarter worth about $30,000. Finally, Castleview Partners LLC purchased a new position in CrowdStrike during the third quarter valued at approximately $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of analyst reports. Wedbush set a $330.00 price objective on shares of CrowdStrike in a research note on Thursday, October 17th. Bank of America raised their price target on shares of CrowdStrike from $365.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday. The Goldman Sachs Group decreased their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Wells Fargo & Company raised their target price on CrowdStrike from $350.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, TD Cowen reduced their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $355.80.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $345.97 on Friday. The firm has a market cap of $84.81 billion, a PE ratio of 678.39, a price-to-earnings-growth ratio of 25.16 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The business’s fifty day simple moving average is $315.80 and its 200-day simple moving average is $313.20.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. CrowdStrike’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 posted $0.06 earnings per share. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current 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.