CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.7% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 16,518 shares of the company’s stock after acquiring an additional 1,590 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in CrowdStrike were worth $4,633,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its holdings in CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock valued at $1,421,646,000 after purchasing an additional 1,013,161 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock valued at $785,425,000 after buying an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in CrowdStrike by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock valued at $426,212,000 after acquiring an additional 9,564 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CRWD shares. Canaccord Genuity Group reissued a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. The Goldman Sachs Group reduced their price objective on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Finally, CICC Research started coverage on shares of CrowdStrike in a report on Monday. They issued a “market perform” rating and a $295.00 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given 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 data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $333.82.

CrowdStrike Price Performance

Shares of CRWD stock traded down $5.74 during trading hours on Wednesday, hitting $347.55. 474,318 shares of the company’s stock were exchanged, compared to its average volume of 4,983,919. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The stock has a market cap of $85.19 billion, a price-to-earnings ratio of 512.01, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The stock’s 50-day moving average is $301.83 and its 200-day moving average is $310.94.

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 analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. 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 previous year, the firm posted $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now owns 816,730 shares in the company, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This trade represents a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 108,248 shares of company stock valued at $32,465,110. Company insiders own 4.34% of the company’s stock.

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.