Lbp Am Sa Acquires 10,791 Shares of CrowdStrike $CRWD

Lbp Am Sa lifted its holdings in shares of CrowdStrike (NASDAQ:CRWD) by 26.2% in the third quarter, HoldingsChannel.com reports. The fund owned 51,932 shares of the company’s stock after acquiring an additional 10,791 shares during the period. Lbp Am Sa’s holdings in CrowdStrike were worth $25,466,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Planning Inc bought a new position in CrowdStrike during the third quarter valued at about $25,000. AlphaQuest LLC purchased a new position in CrowdStrike in the second quarter valued at about $26,000. Howard Hughes Medical Institute purchased a new position in CrowdStrike in the second quarter valued at about $27,000. Pinnacle Bancorp Inc. bought a new position in shares of CrowdStrike during the 3rd quarter valued at approximately $27,000. Finally, Financial Gravity Companies Inc. purchased a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $33,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, Director Denis Oleary sold 7,750 shares of the business’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $515.44, for a total transaction of $3,994,660.00. Following the completion of the transaction, the director directly owned 10,816 shares in the company, valued at $5,574,999.04. The trade was a 41.74% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 10,516 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction of $5,082,698.28. Following the completion of the transaction, the chief financial officer directly owned 179,114 shares in the company, valued at approximately $86,571,169.62. The trade was a 5.55% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 69,048 shares of company stock valued at $34,509,857 in the last quarter. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $452.49 on Monday. The business’s fifty day moving average is $485.15 and its 200 day moving average is $477.97. The firm has a market cap of $114.07 billion, a price-to-earnings ratio of -359.12, a PEG ratio of 109.85 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. The company’s quarterly revenue was up 21.8% compared to the same quarter last year. Research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CRWD shares. Piper Sandler upped their price objective on CrowdStrike from $450.00 to $520.00 and gave the company a “neutral” rating in a research note on Wednesday, December 3rd. Wells Fargo & Company boosted their target price on CrowdStrike from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Argus upped their price target on CrowdStrike from $540.00 to $600.00 and gave the company a “buy” rating in a research report on Friday, December 5th. Guggenheim reiterated a “neutral” rating on shares of CrowdStrike in a research note on Monday, November 24th. Finally, Truist Financial lifted their price objective on CrowdStrike from $550.00 to $600.00 and gave the stock a “buy” rating in a report on Tuesday, November 18th. Thirty-one equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $555.21.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.