Ferguson Wellman Capital Management Inc. Acquires 892 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ferguson Wellman Capital Management Inc. raised its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 159,644 shares of the company’s stock after purchasing an additional 892 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in CrowdStrike were worth $44,775,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its stake in CrowdStrike by 17,926.3% during the third 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 last quarter. Bank of New York Mellon Corp raised its position in shares of CrowdStrike by 47.5% in 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. Acadian Asset Management LLC increased its holdings in shares of CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after acquiring an additional 477,706 shares in the last quarter. Assenagon Asset Management S.A. raised its position in shares of CrowdStrike by 248.6% during the third quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after purchasing an additional 371,695 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after purchasing an additional 315,280 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The shares were 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, 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. Over the last 90 days, insiders sold 104,248 shares of company stock valued at $31,103,350. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded down $3.22 during trading hours on Thursday, reaching $344.66. The company had a trading volume of 119,818 shares, compared to its average volume of 5,020,039. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a one year low of $198.86 and a one year high of $398.33. The firm has a market cap of $84.49 billion, a PE ratio of 504.17, a price-to-earnings-growth ratio of 23.22 and a beta of 1.10. The business has a fifty day simple moving average of $294.23 and a 200 day simple moving average of $309.66.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the company earned $0.06 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. BTIG Research cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Royal Bank of Canada decreased their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. BNP Paribas started coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target for the company. Finally, UBS Group dropped their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $328.74.

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.