Portland Investment Counsel Inc. Purchases New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Portland Investment Counsel Inc. acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 843 shares of the company’s stock, valued at approximately $236,000.

Other large investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at about $25,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike during the 3rd quarter worth approximately $28,000. Tsfg LLC lifted its stake in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. acquired a new position in shares of CrowdStrike in the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike during the third quarter worth $32,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.5 %

NASDAQ CRWD opened at $345.97 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33. The business has a fifty day moving average price of $315.80 and a two-hundred day moving average price of $313.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.90. The stock has a market capitalization of $84.81 billion, a PE ratio of 678.39, a PEG ratio of 25.16 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data 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. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities analysts expect that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. In 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CRWD shares. Royal Bank of Canada lowered their target price on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday. Susquehanna boosted their target price on CrowdStrike from $310.00 to $400.00 and gave the company a “positive” rating in a research note on Wednesday. Citigroup raised their price target on shares of CrowdStrike from $300.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday. CICC Research assumed coverage on shares of CrowdStrike in a research report on Monday, November 18th. They issued a “market perform” rating and a $295.00 price objective on the stock. Finally, Cantor Fitzgerald raised their target price on shares of CrowdStrike from $350.00 to $370.00 and gave the company an “overweight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirty have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $355.80.

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.