Thrivent Financial for Lutherans boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 120.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,282 shares of the company's stock after buying an additional 48,808 shares during the quarter. Thrivent Financial for Lutherans' holdings in CrowdStrike were worth $25,041,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in CRWD. 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 purchasing an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in CrowdStrike by 4.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company's stock worth $696,471,000 after buying an additional 77,100 shares during the period. Bank of New York Mellon Corp lifted its holdings in CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company's stock worth $671,828,000 after buying an additional 564,662 shares during the period. Federated Hermes Inc. lifted its holdings in CrowdStrike by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company's stock worth $426,212,000 after buying an additional 9,564 shares during the period. Finally, International Assets Investment Management LLC lifted its holdings in CrowdStrike by 17,926.3% in the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock worth $259,668,000 after buying an additional 920,695 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.
Shares of NASDAQ:CRWD opened at $353.29 on Wednesday. The stock's 50-day simple moving average is $301.83 and its two-hundred day simple moving average is $310.94. The stock has a market capitalization of $86.60 billion, a price-to-earnings ratio of 512.01, a PEG ratio of 22.77 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week 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.
CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $958.27 million. During the same period in the previous year, the business posted $0.06 earnings per share. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. Analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.
In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at approximately $40,954,251.12. This trade represents a 3.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the company'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 transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company's stock, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 108,248 shares of company stock worth $32,465,110. Corporate insiders own 4.34% of the company's stock.
Several equities research analysts have weighed in on CRWD shares. Royal Bank of Canada dropped their price objective on CrowdStrike from $345.00 to $335.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Barclays raised their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an "overweight" rating in a report on Monday. Cantor Fitzgerald reiterated an "overweight" rating and set a $350.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Truist Financial raised their target price on CrowdStrike from $325.00 to $375.00 and gave the company a "buy" rating in a research note on Monday. Finally, Evercore ISI reduced their price target on CrowdStrike from $350.00 to $325.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $331.90.
Get Our Latest Report on CrowdStrike
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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