Fortis Group Advisors LLC Makes New $3.39 Million Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fortis Group Advisors LLC acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter, HoldingsChannel.com reports. The fund acquired 12,073 shares of the company’s stock, valued at approximately $3,386,000.

Several other hedge funds also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $25,000. Family Firm Inc. bought a new stake in CrowdStrike in the second quarter valued at $30,000. Itau Unibanco Holding S.A. purchased a new position in CrowdStrike during the 2nd quarter valued at $33,000. Unique Wealth Strategies LLC bought a new position in CrowdStrike in the 2nd quarter worth $36,000. Finally, Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the 1st quarter worth about $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,683 shares of the 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 owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction 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 $11,582,623.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,212 shares of company stock worth $30,529,413. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. KeyCorp boosted their price target on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. BNP Paribas assumed coverage on CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price for the company. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Evercore ISI decreased their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. Finally, BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. One equities 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 issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Price Performance

Shares of CRWD traded down $0.81 during mid-day trading on Tuesday, reaching $308.74. The stock had a trading volume of 500,821 shares, compared to its average volume of 5,168,577. The firm has a market cap of $75.14 billion, a price-to-earnings ratio of 584.06, a PEG ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $170.17 and a 12 month high of $398.33. The business has a fifty day moving average of $277.66 and a 200 day moving average of $308.20. 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 posted its quarterly 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 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 period in the prior year, the company posted $0.06 EPS. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. Equities analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

About CrowdStrike

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.