Bamco Inc. NY Has $37.40 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bamco Inc. NY trimmed its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 50.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 133,345 shares of the company’s stock after selling 135,352 shares during the period. Bamco Inc. NY owned approximately 0.05% of CrowdStrike worth $37,399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of CRWD. Arlington Financial Advisors LLC raised its position in shares of CrowdStrike by 1.5% during the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after acquiring an additional 30 shares during the last quarter. Sunpointe LLC increased its position in CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares during the period. Means Investment CO. Inc. raised its holdings in CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after purchasing an additional 35 shares during the last quarter. Interchange Capital Partners LLC lifted its position in CrowdStrike by 1.1% during the 3rd quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the period. Finally, JFS Wealth Advisors LLC boosted its stake in shares of CrowdStrike by 9.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock valued at $134,000 after purchasing an additional 40 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $346.80 on Tuesday. 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 $85.01 billion, a PE ratio of 680.01, a P/E/G ratio of 25.05 and a beta of 1.10. The firm has a 50-day moving average of $315.80 and a 200-day moving average of $312.87. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.90 and a current ratio of 1.86.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, November 26th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.82 by $0.11. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $982.80 million. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm’s revenue for the quarter was up 28.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. On average, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.5 EPS for the current year.

Insider Activity at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Gerhard Watzinger sold 30,000 shares of CrowdStrike stock in a transaction on Friday, November 29th. The shares were sold at an average price of $348.93, for a total value of $10,467,900.00. Following the completion of the transaction, the director now directly owns 42,391 shares of the company’s stock, valued at $14,791,491.63. This represents a 41.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 138,248 shares of company stock worth $42,933,010. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CRWD shares. Evercore ISI increased their price objective on shares of CrowdStrike from $325.00 to $400.00 and gave the company an “outperform” rating in a report on Monday, November 25th. DA Davidson reiterated a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Wednesday, September 18th. Stifel Nicolaus raised their target price on CrowdStrike from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. Rosenblatt Securities upped their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research note on Monday, November 25th. Finally, Piper Sandler lifted their price objective on shares of CrowdStrike from $290.00 to $375.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $355.80.

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.