Good Life Advisors LLC grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 223.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,543 shares of the company's stock after buying an additional 2,449 shares during the quarter. Good Life Advisors LLC's holdings in CrowdStrike were worth $994,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its holdings 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 valued at $671,828,000 after purchasing an additional 564,662 shares in the last quarter. Acadian Asset Management LLC grew its stake in CrowdStrike by 619.0% during the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company's stock worth $177,865,000 after purchasing an additional 477,706 shares in the last quarter. Vanguard Group Inc. raised its position in CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company's stock valued at $5,149,124,000 after purchasing an additional 315,280 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company's stock valued at $114,360,000 after buying an additional 242,052 shares during the period. Finally, Swedbank AB acquired a new position in shares of CrowdStrike during the first quarter worth about $73,972,000. Hedge funds and other institutional investors own 71.16% of the company's stock.
CRWD stock opened at $310.34 on Friday. CrowdStrike Holdings, Inc. has a one year low of $170.17 and a one year high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a fifty day moving average of $274.87 and a 200-day moving average of $308.43. The stock has a market capitalization of $75.52 billion, a PE ratio of 585.55, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10.
CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm's revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.
Several analysts recently weighed in on the stock. Robert W. Baird reduced their target price on shares of CrowdStrike from $335.00 to $315.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. UBS Group decreased their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a "buy" rating for the company in a research report on Thursday, August 29th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Thursday, September 19th. Jefferies Financial Group lifted their price target on CrowdStrike from $315.00 to $345.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. Finally, Redburn Atlantic downgraded CrowdStrike from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $380.00 to $275.00 in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $325.44.
Read Our Latest Stock Analysis on CRWD
In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company's stock, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares of the company's stock, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Michael Sentonas sold 10,776 shares of the business's stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares in the company, valued at $119,027,939.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock valued at $30,529,413 over the last quarter. Company insiders own 4.34% of the company's stock.
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.
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