Commerce Bank Has $25.91 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Commerce Bank raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 50.4% during the third quarter, HoldingsChannel reports. The firm owned 92,392 shares of the company’s stock after acquiring an additional 30,949 shares during the quarter. Commerce Bank’s holdings in CrowdStrike were worth $25,913,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CRWD. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the 2nd quarter valued at $25,000. Family Firm Inc. bought a new position in shares of CrowdStrike in the 2nd quarter valued at $30,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike in the 2nd quarter valued at $33,000. Unique Wealth Strategies LLC bought a new position in shares of CrowdStrike in the 2nd quarter valued at $36,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $350.15 on Thursday. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $398.33. The company’s 50 day moving average price is $303.76 and its two-hundred day moving average price is $311.21. 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 stock has a market cap of $85.83 billion, a P/E ratio of 507.46, a P/E/G ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for 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%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction on 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 sale, the director now owns 816,730 shares of the company’s stock, valued at $261,745,630.40. The trade was a 0.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The trade was a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is owned by company insiders.

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. UBS Group dropped their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Morgan Stanley raised their target price on CrowdStrike from $325.00 to $355.00 and gave the stock an “overweight” rating in a research report on Monday. Barclays raised their target price on CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday. The Goldman Sachs Group lowered their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, Citigroup decreased their price target on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $333.82.

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.