Baillie Gifford & Co. Takes $10.50 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Baillie Gifford & Co. purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 37,435 shares of the company’s stock, valued at approximately $10,499,000.

A number of other institutional investors also recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth about $25,000. Oakworth Capital Inc. bought a new position in CrowdStrike in the 3rd quarter valued at $28,000. Tsfg LLC lifted its holdings in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. bought a new stake in shares of CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC bought a new position in CrowdStrike in the third quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a report on Monday, November 4th. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. The Goldman Sachs Group reduced their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research report on Monday, September 30th. Finally, BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 price target for the company. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Up 0.3 %

CrowdStrike stock opened at $343.50 on Wednesday. CrowdStrike Holdings, Inc. has a 12 month low of $197.17 and a 12 month high of $398.33. The stock has a market capitalization of $84.20 billion, a PE ratio of 497.83, a price-to-earnings-growth ratio of 22.31 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 business has a 50 day simple moving average of $290.92 and a 200-day simple moving average of $309.11.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data 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 company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,325 shares of the firm’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 owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,248 shares of company stock worth $32,143,350. Insiders own 4.34% of the company’s stock.

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.