Darden Wealth Group Inc boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 29.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,358 shares of the company's stock after acquiring an additional 1,432 shares during the quarter. CrowdStrike accounts for 1.3% of Darden Wealth Group Inc's portfolio, making the stock its 15th biggest holding. Darden Wealth Group Inc's holdings in CrowdStrike were worth $1,783,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of CRWD. Jennison Associates LLC increased its position in shares of CrowdStrike by 25.0% during 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 period. International Assets Investment Management LLC raised its position in CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company's stock valued at $259,668,000 after purchasing an additional 920,695 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of CrowdStrike by 47.5% in 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. Assenagon Asset Management S.A. grew its position in shares of CrowdStrike by 248.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company's stock worth $146,180,000 after buying an additional 371,695 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company's stock valued at $114,360,000 after buying an additional 242,052 shares during the period. Institutional investors own 71.16% of the company's stock.
A number of analysts recently weighed in on the stock. Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $350.00 to $370.00 and gave the stock an "overweight" rating in a research note on Thursday. HSBC raised shares of CrowdStrike from a "hold" rating to a "buy" rating and lifted their price objective for the company from $302.00 to $339.00 in a report on Friday, August 30th. Raymond James cut their price target on CrowdStrike from $380.00 to $275.00 and set an "outperform" rating on the stock in a report on Thursday, August 29th. Barclays raised their price objective on CrowdStrike from $295.00 to $372.00 and gave the company an "overweight" rating in a research report on Monday. Finally, KeyCorp raised their price target on shares of CrowdStrike from $300.00 to $345.00 and gave the company an "overweight" rating in a report on Monday, September 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have issued a buy rating and four have assigned 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 $334.33.
Read Our Latest Research Report on CrowdStrike
CRWD stock opened at $357.55 on Friday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $398.33. 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 firm's fifty day moving average is $305.77 and its 200 day moving average is $311.53. The firm has a market cap of $87.65 billion, a PE ratio of 518.19, a P/E/G ratio of 23.89 and a beta of 1.10.
CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company's quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.
In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on 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 transaction, the insider now directly owns 120,298 shares of the company's stock, valued at approximately $40,954,251.12. This represents a 3.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the company's stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company's stock, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 over the last three months. 4.34% of the stock is currently owned by corporate insiders.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider CrowdStrike, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CrowdStrike wasn't on the list.
While CrowdStrike currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.