Hudson Value Partners LLC Boosts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Hudson Value Partners LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 33.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,695 shares of the company’s stock after acquiring an additional 1,430 shares during the period. Hudson Value Partners LLC’s holdings in CrowdStrike were worth $1,597,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norden Group LLC purchased a new position in shares of CrowdStrike during the 1st quarter valued at about $310,000. Quent Capital LLC lifted its holdings in CrowdStrike by 59.9% in the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after acquiring an additional 88 shares during the period. Empowered Funds LLC boosted its position in CrowdStrike by 706.0% in the 1st quarter. Empowered Funds LLC now owns 18,530 shares of the company’s stock worth $5,941,000 after purchasing an additional 16,231 shares in the last quarter. Insight Advisors LLC PA acquired a new stake in shares of CrowdStrike during the 1st quarter worth approximately $292,000. Finally, Wealthspire Advisors LLC boosted its holdings in CrowdStrike by 16.3% during the first quarter. Wealthspire Advisors LLC now owns 1,158 shares of the company’s stock worth $371,000 after buying an additional 162 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several recent analyst reports. Redburn Atlantic lowered CrowdStrike from a “neutral” rating to a “sell” rating and cut their price target for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. BTIG Research downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Sanford C. Bernstein dropped their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. UBS Group reduced their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, Jefferies Financial Group lifted their target price on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction that occurred on 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 directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 value of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock worth $30,529,413 in the last quarter. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Up 3.4 %

CRWD opened at $330.78 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $81.08 billion, a P/E ratio of 479.39, a P/E/G ratio of 20.21 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52 week low of $189.12 and a 52 week high of $398.33. The business has a fifty day simple moving average of $287.38 and a 200-day simple moving average of $308.22.

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

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.