Zevin Asset Management LLC Buys 2,501 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Zevin Asset Management LLC lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 12.1% during the 3rd quarter, Holdings Channel reports. The firm owned 23,095 shares of the company’s stock after acquiring an additional 2,501 shares during the period. Zevin Asset Management LLC’s holdings in CrowdStrike were worth $6,477,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. LMR Partners LLP purchased a new stake in shares of CrowdStrike in the 3rd quarter worth about $22,438,000. Islay Capital Management LLC boosted its stake in CrowdStrike by 150.0% during the third quarter. Islay Capital Management LLC now owns 150 shares of the company’s stock worth $42,000 after acquiring an additional 90 shares in the last quarter. Swiss National Bank grew its holdings in CrowdStrike by 0.9% in the third quarter. Swiss National Bank now owns 685,300 shares of the company’s stock worth $192,206,000 after purchasing an additional 6,100 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of CrowdStrike by 120.6% during the third quarter. Thrivent Financial for Lutherans now owns 89,282 shares of the company’s stock valued at $25,041,000 after purchasing an additional 48,808 shares in the last quarter. Finally, Claro Advisors LLC lifted its holdings in shares of CrowdStrike by 35.7% during the third quarter. Claro Advisors LLC now owns 1,613 shares of the company’s stock valued at $452,000 after purchasing an additional 424 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now directly owns 124,298 shares in the company, valued at approximately $38,455,315.24. The trade was a 3.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 108,248 shares of company stock valued at $32,465,110. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and raised their price target for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Sanford C. Bernstein cut their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Truist Financial reaffirmed a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. Finally, JPMorgan Chase & Co. decreased their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Price Performance

CrowdStrike stock opened at $336.75 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $82.55 billion, a price-to-earnings ratio of 488.04, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10. The firm has a 50-day moving average of $297.79 and a two-hundred day moving average of $310.36. CrowdStrike Holdings, Inc. has a 1 year low of $198.86 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (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 analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.06 earnings per share. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

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.