Commerzbank Aktiengesellschaft FI Acquires New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Commerzbank Aktiengesellschaft FI acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 874 shares of the company’s stock, valued at approximately $246,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Plan Group Financial LLC bought a new stake in CrowdStrike in the third quarter valued at about $220,000. Macroview Investment Management LLC increased its holdings in shares of CrowdStrike by 30.6% in the third quarter. Macroview Investment Management LLC now owns 320 shares of the company’s stock worth $90,000 after acquiring an additional 75 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of CrowdStrike by 51.2% in the third quarter. Private Advisor Group LLC now owns 49,296 shares of the company’s stock worth $13,826,000 after acquiring an additional 16,685 shares in the last quarter. Symphony Financial Ltd. Co. increased its holdings in shares of CrowdStrike by 3.7% in the third quarter. Symphony Financial Ltd. Co. now owns 1,323 shares of the company’s stock worth $378,000 after acquiring an additional 47 shares in the last quarter. Finally, Blodgett Wealth Advisors LLC increased its holdings in shares of CrowdStrike by 17.7% in the third quarter. Blodgett Wealth Advisors LLC now owns 4,252 shares of the company’s stock worth $1,193,000 after acquiring an additional 640 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on CRWD shares. BNP Paribas started coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target for the company. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Canaccord Genuity Group reiterated a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. Raymond James decreased their price objective on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, TD Cowen decreased their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $304.47 on Friday. The firm has a market cap of $74.10 billion, a P/E ratio of 574.47, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 1-year low of $170.17 and a 1-year high of $398.33. The business’s 50 day moving average is $279.73 and its 200-day moving average is $308.09.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the company earned $0.06 EPS. The company’s revenue was up 31.7% on a year-over-year basis. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike 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 transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,212 shares of company stock valued at $30,529,413. 4.34% of the stock is currently owned by company insiders.

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.