CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Encompass More Asset Management

Encompass More Asset Management boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 44.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 986 shares of the company’s stock after purchasing an additional 302 shares during the quarter. Encompass More Asset Management’s holdings in CrowdStrike were worth $277,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Arlington Financial Advisors LLC raised its stake in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after purchasing an additional 30 shares during the last quarter. Sunpointe LLC grew its holdings in CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock valued at $317,000 after buying an additional 34 shares in the last quarter. Means Investment CO. Inc. grew its holdings in CrowdStrike by 1.8% in the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after buying an additional 35 shares in the last quarter. Interchange Capital Partners LLC grew its holdings in CrowdStrike by 1.1% in the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after buying an additional 39 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its holdings in CrowdStrike by 9.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock valued at $134,000 after buying an additional 40 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Jefferies Financial Group upped their target price on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Stifel Nicolaus upped their target price on CrowdStrike from $300.00 to $375.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Citigroup upped their target price on CrowdStrike from $300.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday. BNP Paribas started coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price for the company. Finally, Wells Fargo & Company increased their price target on CrowdStrike from $350.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $355.80.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction 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. The trade was a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred 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 transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CRWD stock opened at $345.97 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. The firm has a market capitalization of $84.81 billion, a P/E ratio of 678.37, a P/E/G ratio of 25.16 and a beta of 1.10. The business’s 50-day moving average is $315.80 and its two-hundred day moving average is $313.08.

CrowdStrike (NASDAQ:CRWD) last issued its 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 return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the company earned $0.06 EPS. The business’s quarterly revenue was up 31.7% on a year-over-year basis. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal 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.