Lafayette Investments Inc. Acquires Shares of 1,550 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Lafayette Investments Inc. acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,550 shares of the company’s stock, valued at approximately $435,000.

Other institutional investors also recently bought and sold shares of the company. Riverview Trust Co acquired a new position in shares of CrowdStrike during the 1st quarter worth $36,000. Sunbelt Securities Inc. grew its stake in CrowdStrike by 65.9% in the 1st quarter. Sunbelt Securities Inc. now owns 1,274 shares of the company’s stock valued at $408,000 after acquiring an additional 506 shares during the last quarter. Future Financial Wealth Managment LLC purchased a new position in CrowdStrike in the 1st quarter valued at about $32,000. Key Client Fiduciary Advisors LLC purchased a new position in CrowdStrike in the 1st quarter valued at about $211,000. Finally, ERn Financial LLC purchased a new position in CrowdStrike in the 1st quarter valued at about $208,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the sale, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares in the company, valued at approximately $38,455,315.24. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,212 shares of company stock valued at $30,529,413. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $3.31 during trading hours on Thursday, hitting $302.61. 293,600 shares of the stock were exchanged, compared to its average volume of 5,143,767. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company’s 50 day moving average is $279.73 and its 200 day moving average is $308.09. The firm has a market capitalization of $73.64 billion, a P/E ratio of 564.72, a P/E/G ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a one year low of $170.17 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. 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 company posted $0.06 EPS. The business’s revenue was up 31.7% on a year-over-year basis. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Robert W. Baird reduced their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Wedbush set a $330.00 target price on shares of CrowdStrike in a report on Thursday, October 17th. Barclays upped their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, DA Davidson reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday, September 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

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.