Jennison Associates LLC Buys 1,013,161 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Jennison Associates LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,068,800 shares of the company’s stock after acquiring an additional 1,013,161 shares during the quarter. CrowdStrike accounts for about 0.9% of Jennison Associates LLC’s investment portfolio, making the stock its 28th largest holding. Jennison Associates LLC’s holdings in CrowdStrike were worth $1,421,646,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Legal & General Group Plc grew its stake in shares of CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after acquiring an additional 60,607 shares during the period. Ameriprise Financial Inc. grew its stake in shares of CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after acquiring an additional 77,100 shares during the period. Bank of New York Mellon Corp grew 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 acquiring an additional 564,662 shares during the period. Federated Hermes Inc. grew its stake in shares of CrowdStrike by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock worth $426,212,000 after acquiring an additional 9,564 shares during the period. Finally, International Assets Investment Management LLC grew its stake in shares of CrowdStrike by 17,926.3% in the third quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CRWD. Wedbush set a $330.00 price objective on shares of CrowdStrike in a report on Thursday, October 17th. Citigroup dropped their price objective on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Evercore ISI dropped their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a report on Tuesday, July 30th. BNP Paribas began coverage on shares of CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price objective on the stock. Finally, HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and raised their price objective for the stock from $302.00 to $339.00 in a report on Friday, August 30th. One investment 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $331.90.

Insider Buying and Selling at CrowdStrike

In other news, 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 completion of the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The trade was a 2.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 10,776 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares of the company’s stock, valued at $119,027,939.20. This represents a 2.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock worth $32,465,110 over the last quarter. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 3.0 %

CRWD stock opened at $353.29 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The stock has a market capitalization of $86.60 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 firm’s fifty day simple moving average is $301.83 and its two-hundred day simple moving average is $310.94.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the business posted $0.06 earnings per share. The business’s revenue was up 31.7% compared to the same quarter last year. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

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.