Oppenheimer Asset Management Inc. Increases Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Oppenheimer Asset Management Inc. increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,255 shares of the company’s stock after purchasing an additional 4,989 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CrowdStrike were worth $9,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its stake in CrowdStrike by 21.6% during the third quarter. Victory Capital Management Inc. now owns 255,194 shares of the company’s stock valued at $71,574,000 after acquiring an additional 45,335 shares in the last quarter. Aptus Capital Advisors LLC grew its position in shares of CrowdStrike by 11.6% during the third quarter. Aptus Capital Advisors LLC now owns 3,628 shares of the company’s stock valued at $1,018,000 after purchasing an additional 376 shares in the last quarter. American Assets Inc. purchased a new position in shares of CrowdStrike during the third quarter valued at about $561,000. Prime Capital Investment Advisors LLC increased its holdings in shares of CrowdStrike by 21.4% in the third quarter. Prime Capital Investment Advisors LLC now owns 14,439 shares of the company’s stock worth $4,050,000 after purchasing an additional 2,547 shares during the last quarter. Finally, Hemenway Trust Co LLC lifted its position in shares of CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after buying an additional 5,352 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Anurag Saha sold 1,683 shares of the company’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 transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,248 shares of company stock valued at $31,103,350 in the last ninety days. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. JPMorgan Chase & Co. reduced their price objective on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. BMO Capital Markets boosted their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Guggenheim lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Piper Sandler restated an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Stock Up 1.3 %

NASDAQ:CRWD opened at $347.88 on Thursday. 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 stock has a market capitalization of $85.28 billion, a P/E ratio of 504.17, a P/E/G ratio of 23.22 and a beta of 1.10. The company’s 50-day simple moving average is $292.46 and its 200-day simple moving average is $309.39. CrowdStrike Holdings, Inc. has a fifty-two week low of $198.86 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 the consensus estimate of $958.27 million. During the same period last year, the firm earned $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal 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.