CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is Princeton Capital Management LLC’s 8th Largest Position

Princeton Capital Management LLC boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 193.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 35,226 shares of the company’s stock after purchasing an additional 23,204 shares during the quarter. CrowdStrike makes up 3.1% of Princeton Capital Management LLC’s portfolio, making the stock its 8th biggest holding. Princeton Capital Management LLC’s holdings in CrowdStrike were worth $9,880,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in CRWD. Legal & General Group Plc lifted its stake in shares of CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after purchasing an additional 60,607 shares during the period. Ameriprise Financial Inc. lifted its position in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after buying an additional 77,100 shares during the period. Bank of New York Mellon Corp boosted its holdings 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 valued at $671,828,000 after buying an additional 564,662 shares in the last quarter. Federated Hermes Inc. grew its position in shares of CrowdStrike by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock worth $426,212,000 after buying an additional 9,564 shares during the period. Finally, International Assets Investment Management LLC increased its stake in shares of CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 1.8 %

Shares of CRWD stock opened at $342.97 on Tuesday. The stock has a market cap of $84.07 billion, a P/E ratio of 497.06, a PEG ratio of 22.77 and a beta of 1.10. The company’s fifty day simple moving average is $299.72 and its two-hundred day simple moving average is $310.63. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. Analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction 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 directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the transaction, the director now owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock valued at $32,465,110 over the last 90 days. 4.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

CRWD has been the topic of several recent research reports. Scotiabank cut their price target on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Canaccord Genuity Group restated a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a report on Monday, September 30th. Susquehanna reiterated a “positive” rating and issued a $310.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Morgan Stanley raised their price objective on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Jefferies Financial Group increased their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $331.90.

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.