CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Increased by ARK Investment Management LLC

ARK Investment Management LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 43.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,990 shares of the company’s stock after purchasing an additional 43,557 shares during the period. ARK Investment Management LLC owned approximately 0.06% of CrowdStrike worth $40,385,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Beacon Financial Advisory LLC bought a new stake in shares of CrowdStrike during the 3rd quarter worth $955,000. Burney Co. purchased a new stake in shares of CrowdStrike during the first quarter valued at $1,342,000. Doliver Advisors LP boosted its position in shares of CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after purchasing an additional 4,664 shares during the period. DekaBank Deutsche Girozentrale increased its stake in CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC raised its holdings in CrowdStrike by 258.9% during the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 19,315 shares of the company’s stock worth $5,417,000 after buying an additional 13,934 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CRWD has been the subject of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Monday. Royal Bank of Canada lowered their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Robert W. Baird reduced their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Morgan Stanley reiterated an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a report on Monday, September 9th. Finally, Wedbush set a $330.00 price objective on CrowdStrike in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $328.74.

Insider Transactions at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,212 shares of company stock valued at $30,529,413. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $330.78 on Friday. The business has a 50 day simple moving average of $287.38 and a 200 day simple moving average of $308.22. 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 company has a market capitalization of $81.08 billion, a PE ratio of 479.39, a price-to-earnings-growth ratio of 20.21 and a beta of 1.10. CrowdStrike Holdings, Inc. has a one year low of $189.12 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the business earned $0.06 earnings per share. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

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.