Zevin Asset Management LLC Has $6.48 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Zevin Asset Management LLC raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 12.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,095 shares of the company’s stock after buying an additional 2,501 shares during the quarter. Zevin Asset Management LLC’s holdings in CrowdStrike were worth $6,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. International Assets Investment Management LLC raised its holdings in CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after buying an additional 920,695 shares during the period. Bank of New York Mellon Corp grew its stake in shares of CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after acquiring an additional 564,662 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after buying an additional 371,695 shares during the last quarter. Principal Financial Group Inc. grew its stake in CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after purchasing an additional 242,052 shares in the last quarter. Finally, Swedbank AB acquired a new position in CrowdStrike during the first quarter worth $73,972,000. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently commented on CRWD shares. Wedbush set a $330.00 target price on shares of CrowdStrike in a report on Thursday, October 17th. Barclays boosted their price target on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. KeyCorp boosted their target price on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Finally, UBS Group dropped their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $328.74.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the business’s 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 completion of the sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $336.75 on Monday. CrowdStrike Holdings, Inc. has a 52-week low of $198.86 and a 52-week high of $398.33. The stock’s 50-day simple moving average is $297.79 and its 200 day simple moving average is $310.36. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $82.55 billion, a price-to-earnings ratio of 488.04, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly 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 firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.06 EPS. Research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS 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.