Bryant Woods Investment Advisors LLC bought a new stake in CrowdStrike (NASDAQ:CRWD – Free Report) during the second quarter, HoldingsChannel.com reports. The fund bought 406 shares of the company’s stock, valued at approximately $207,000.
A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock valued at $8,051,011,000 after acquiring an additional 908,554 shares during the period. Jennison Associates LLC raised its stake in shares of CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock valued at $977,149,000 after acquiring an additional 955,529 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after acquiring an additional 760,222 shares during the period. Finally, Invesco Ltd. raised its stake in shares of CrowdStrike by 16.4% in the 1st quarter. Invesco Ltd. now owns 2,506,418 shares of the company’s stock valued at $883,713,000 after acquiring an additional 352,473 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.
CrowdStrike Price Performance
Shares of CRWD stock opened at $493.66 on Friday. The firm has a market cap of $123.89 billion, a P/E ratio of -414.84, a P/E/G ratio of 119.64 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. CrowdStrike has a 1-year low of $294.68 and a 1-year high of $517.98. The firm has a fifty day moving average of $450.04 and a two-hundred day moving average of $443.90.
Insider Activity at CrowdStrike
In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares of the company’s stock, valued at $960,801,606.89. This trade represents a 1.94% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, President Michael Sentonas sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the president owned 379,116 shares in the company, valued at approximately $189,558,000. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 157,816 shares of company stock valued at $75,331,356 in the last 90 days. 3.32% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the stock. Scotiabank raised shares of CrowdStrike from a “sector perform” rating to a “sector outperform” rating and raised their target price for the company from $440.00 to $600.00 in a research note on Thursday, September 25th. Wells Fargo & Company raised their price target on shares of CrowdStrike from $550.00 to $600.00 and gave the company an “overweight” rating in a report on Wednesday, October 1st. KeyCorp raised their price target on shares of CrowdStrike from $495.00 to $510.00 and gave the company an “overweight” rating in a report on Thursday, September 18th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Thursday, September 18th. Finally, Stephens raised their price target on shares of CrowdStrike from $525.00 to $590.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $493.33.
Get Our Latest Stock Analysis on CrowdStrike
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.
Recommended Stories
- Five stocks we like better than CrowdStrike
- How Investors Can Identify and Successfully Trade Gap-Down Stocks
- 3 Heavily Shorted Stocks That Could Pop on Rate Cuts
- How to Calculate Options Profits
- Broadcom Gets Second $420 Target as CPO Win Boosts Outlook
- How to Read Stock Charts for Beginners
- PepsiCo’s Deep Discount Will Soon Evaporate: Buy It While You Can
Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike (NASDAQ:CRWD – Free Report).
Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.