Tidemark LLC Buys 48 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tidemark LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.0% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 645 shares of the company’s stock after buying an additional 48 shares during the period. Tidemark LLC’s holdings in CrowdStrike were worth $181,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Beacon Financial Advisory LLC purchased a new position in shares of CrowdStrike in the third quarter valued at $955,000. Burney Co. purchased a new position in shares of CrowdStrike in the 1st quarter worth $1,342,000. Doliver Advisors LP increased its holdings in shares of CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of CrowdStrike by 0.7% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after buying an additional 2,863 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 2.51 % 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, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 in the last three months. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

Shares of CRWD opened at $339.89 on Monday. 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 firm has a market cap of $83.32 billion, a PE ratio of 488.04, a P/E/G ratio of 22.77 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The stock has a fifty day moving average price of $297.79 and a 200-day moving average price of $310.36.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.06 EPS. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent research reports. Citigroup dropped their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $350.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. TD Cowen cut their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, The Goldman Sachs Group decreased their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average 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.