Fort Pitt Capital Group LLC Has $1.55 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fort Pitt Capital Group LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 136.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,523 shares of the company’s stock after purchasing an additional 3,184 shares during the period. Fort Pitt Capital Group LLC’s holdings in CrowdStrike were worth $1,549,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CRWD. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the second quarter valued at approximately $25,000. Oakworth Capital Inc. acquired a new position in CrowdStrike in the third quarter valued at approximately $28,000. Tsfg LLC lifted its holdings in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares during the period. Family Firm Inc. bought a new stake in CrowdStrike in the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC bought a new stake in CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CRWD has been the subject of several recent analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. Needham & Company LLC began coverage on shares of CrowdStrike in a research note on Monday, September 23rd. They issued a “buy” rating and a $360.00 target price for the company. Canaccord Genuity Group reissued a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Wells Fargo & Company lowered their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Finally, Raymond James lowered their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research 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 assigned a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $303.13 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $178.35 and a twelve month high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a 50-day simple moving average of $284.85 and a two-hundred day simple moving average of $307.83. The stock has a market capitalization of $74.31 billion, a price-to-earnings ratio of 439.32, a price-to-earnings-growth ratio of 20.07 and a beta of 1.10.

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