Lbp Am Sa Purchases 10,791 Shares of CrowdStrike $CRWD

Lbp Am Sa grew its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 26.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,932 shares of the company’s stock after acquiring an additional 10,791 shares during the period. Lbp Am Sa’s holdings in CrowdStrike were worth $25,466,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in CRWD. Whittier Trust Co. of Nevada Inc. boosted its position in shares of CrowdStrike by 4.5% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 36,229 shares of the company’s stock valued at $17,748,000 after purchasing an additional 1,552 shares in the last quarter. Whittier Trust Co. increased its holdings in CrowdStrike by 4.5% in the third quarter. Whittier Trust Co. now owns 86,130 shares of the company’s stock worth $42,193,000 after purchasing an additional 3,682 shares in the last quarter. CIBC Asset Management Inc increased its holdings in CrowdStrike by 0.3% in the third quarter. CIBC Asset Management Inc now owns 75,914 shares of the company’s stock worth $37,227,000 after purchasing an additional 212 shares in the last quarter. Capital Investment Counsel Inc lifted its stake in CrowdStrike by 5.5% in the third quarter. Capital Investment Counsel Inc now owns 1,927 shares of the company’s stock valued at $945,000 after buying an additional 100 shares during the period. Finally, Investment House LLC boosted its holdings in shares of CrowdStrike by 0.4% during the 3rd quarter. Investment House LLC now owns 32,040 shares of the company’s stock worth $15,712,000 after buying an additional 125 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 11,461 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the transaction, the president directly owned 342,655 shares in the company, valued at approximately $164,399,015.90. This trade represents a 3.24% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 10,516 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the completion of the sale, the chief financial officer owned 179,114 shares of the company’s stock, valued at approximately $86,571,169.62. The trade was a 5.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 69,048 shares of company stock worth $34,509,857 in the last three months. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Down 0.3%

Shares of NASDAQ CRWD opened at $452.49 on Monday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The company has a 50-day moving average price of $485.15 and a 200-day moving average price of $477.97. The stock has a market capitalization of $114.07 billion, a P/E ratio of -359.12, a P/E/G ratio of 109.85 and a beta of 1.03. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The firm’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. On average, equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on CRWD. KeyCorp reiterated a “sector weight” rating on shares of CrowdStrike in a research note on Monday, January 12th. Argus raised their price target on shares of CrowdStrike from $540.00 to $600.00 and gave the stock a “buy” rating in a report on Friday, December 5th. BMO Capital Markets lifted their price target on shares of CrowdStrike from $500.00 to $555.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Mizuho set a $540.00 price objective on shares of CrowdStrike in a report on Thursday, January 8th. Finally, Capital One Financial cut their price objective on shares of CrowdStrike from $600.00 to $590.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 14th. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $555.21.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.