Bradley Foster & Sargent Inc. CT Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bradley Foster & Sargent Inc. CT boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 16.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,397 shares of the company’s stock after purchasing an additional 4,771 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in CrowdStrike were worth $12,797,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after buying an additional 315,280 shares during the last quarter. First Trust Advisors LP boosted its position in shares of CrowdStrike by 19.3% during the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after purchasing an additional 358,945 shares in the last quarter. Pathstone Holdings LLC purchased a new position in CrowdStrike during the fourth quarter valued at $450,418,000. Bank of New York Mellon Corp raised its stake in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in CrowdStrike by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,176,988 shares of the company’s stock valued at $300,509,000 after buying an additional 30,557 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Robert W. Baird decreased their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Oppenheimer reduced their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Susquehanna cut their price target on CrowdStrike from $410.00 to $310.00 and set a “positive” rating for the company in a report on Thursday, September 5th. Finally, TD Cowen dropped their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.16.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 55,587 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the sale, the chief executive officer now owns 1,127,843 shares in the company, valued at $424,576,497.35. The disclosure for this sale can be found here. In the last three months, insiders sold 130,219 shares of company stock worth $48,306,394. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $268.72 on Wednesday. The stock has a market capitalization of $65.40 billion, a price-to-earnings ratio of 507.02, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a 50-day moving average of $271.34 and a 200 day moving average of $312.95.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the prior year, the firm posted $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

About CrowdStrike

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.