Highland Capital Management LLC Purchases 2,669 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Highland Capital Management LLC raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 34,510 shares of the company’s stock after purchasing an additional 2,669 shares during the quarter. Highland Capital Management LLC’s holdings in CrowdStrike were worth $9,679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CRWD. Arlington Financial Advisors LLC lifted its position in CrowdStrike by 1.5% during the second 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 in the last quarter. Saturna Capital Corp grew its stake in shares of CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after acquiring an additional 33 shares during the period. Sunpointe LLC increased its holdings in CrowdStrike by 3.1% in the 3rd quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after acquiring an additional 34 shares in the last quarter. Means Investment CO. Inc. lifted its holdings in CrowdStrike by 1.8% during the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares in the last quarter. Finally, Albion Financial Group UT raised its position in shares of CrowdStrike by 3.7% during the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after purchasing an additional 39 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the business’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 completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the sale, the president now owns 400,390 shares of the company’s stock, valued at $119,027,939.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the company’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 directly owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock valued at $30,529,413 over the last quarter. 4.34% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CRWD shares. The Goldman Sachs Group decreased their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Wells Fargo & Company cut their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Morgan Stanley reiterated an “overweight” rating and set a $325.00 price objective on shares of CrowdStrike in a research report on Monday, September 9th. UBS Group dropped their target price on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Argus decreased their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Trading Down 1.3 %

NASDAQ:CRWD opened at $300.62 on Friday. The firm has a 50-day simple moving average of $281.37 and a 200-day simple moving average of $307.98. CrowdStrike Holdings, Inc. has a one year low of $170.17 and a one year high of $398.33. The firm has a market cap of $73.16 billion, a P/E ratio of 567.21, a P/E/G ratio of 19.94 and a beta of 1.10. 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 issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.06 earnings per share. Equities analysts anticipate 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.