TD Waterhouse Canada Inc. boosted its stake in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,691 shares of the company’s stock after buying an additional 959 shares during the period. TD Waterhouse Canada Inc.’s holdings in CrowdStrike were worth $11,655,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the company. AlphaQuest LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $26,000. Financial Gravity Companies Inc. purchased a new position in CrowdStrike during the 2nd quarter worth approximately $33,000. Financial Management Professionals Inc. raised its stake in CrowdStrike by 91.9% during the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after purchasing an additional 34 shares during the period. Wealth Watch Advisors INC purchased a new stake in shares of CrowdStrike in the second quarter valued at $37,000. Finally, Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike in the first quarter worth $26,000. 71.16% of the stock is owned by hedge funds and other institutional investors.
CrowdStrike Stock Performance
CRWD opened at $520.59 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market cap of $130.65 billion, a PE ratio of -437.47, a price-to-earnings-growth ratio of 120.71 and a beta of 1.16. The stock has a 50-day moving average of $505.50 and a 200-day moving average of $473.58. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90.
Insider Transactions at CrowdStrike
In related news, CFO Burt W. Podbere sold 1,957 shares of the stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.41, for a total transaction of $1,077,152.37. Following the completion of the sale, the chief financial officer owned 218,467 shares in the company, valued at $120,246,421.47. This trade represents a 0.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Johanna Flower sold 2,347 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the sale, the director directly owned 79,057 shares of the company’s stock, valued at approximately $38,815,405.86. The trade was a 2.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 116,622 shares of company stock valued at $58,561,456. 3.32% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on CRWD shares. Mizuho upped their price target on CrowdStrike from $475.00 to $540.00 and gave the company a “hold” rating in a research report on Monday. BTIG Research lifted their target price on CrowdStrike from $489.00 to $640.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Stephens upped their target price on CrowdStrike from $525.00 to $590.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. New Street Research set a $460.00 price target on shares of CrowdStrike in a report on Thursday, August 28th. Finally, Evercore ISI boosted their price objective on shares of CrowdStrike from $405.00 to $430.00 in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $537.49.
Read Our Latest Analysis on CRWD
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.
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