Boston Family Office LLC Has $639,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Boston Family Office LLC lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 64.7% in the third quarter, Holdings Channel.com reports. The fund owned 2,278 shares of the company’s stock after purchasing an additional 895 shares during the quarter. Boston Family Office LLC’s holdings in CrowdStrike were worth $639,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jennison Associates LLC raised its stake in shares of CrowdStrike by 25.0% in the third quarter. Jennison Associates LLC now owns 5,068,800 shares of the company’s stock worth $1,421,646,000 after acquiring an additional 1,013,161 shares during the last quarter. Legal & General Group Plc raised 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 acquiring an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of CrowdStrike by 4.4% during 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 grew its position in shares of CrowdStrike by 47.5% during 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. Finally, Charles Schwab Investment Management Inc. grew its position in shares of CrowdStrike by 1.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock worth $379,895,000 after buying an additional 20,899 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Down 2.3 %

CRWD stock opened at $363.68 on Tuesday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The business’s 50-day moving average is $309.95 and its two-hundred day moving average is $312.22. 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 market cap of $89.15 billion, a price-to-earnings ratio of 527.07, a P/E/G ratio of 26.95 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the company earned $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. As a group, analysts forecast that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction dated 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 in the company, valued at $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now owns 120,298 shares of the company’s stock, valued at approximately $40,954,251.12. The trade was a 3.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 over the last quarter. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several analyst reports. Jefferies Financial Group lifted their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Needham & Company LLC started coverage on shares of CrowdStrike in a report on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective for the company. Robert W. Baird cut 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. KeyCorp boosted their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday. Finally, Rosenblatt Securities raised their price objective on CrowdStrike from $325.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have issued a buy rating and four have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $339.08.

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.