CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,501 shares of the company’s stock after purchasing an additional 9,808 shares during the period. Oppenheimer & Co. Inc.’s holdings in CrowdStrike were worth $19,351,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at about $30,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the 2nd quarter valued at approximately $30,000. Johnson Financial Group Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $31,000. Northwest Bank & Trust Co purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of CrowdStrike in the 1st quarter worth approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of several research reports. JPMorgan Chase & Co. decreased their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. Rosenblatt Securities decreased their price objective on shares of CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. UBS Group lowered their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Oppenheimer cut their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, TD Cowen lowered their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $327.16.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s 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 owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were 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 $46,563,660. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the sale, the director now directly owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,219 shares of company stock valued at $48,856,294. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $257.10 on Friday. The business has a 50-day moving average of $278.75 and a two-hundred day moving average of $314.21. The firm has a market capitalization of $62.57 billion, a PE ratio of 485.09, a P/E/G ratio of 15.68 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a 12 month low of $157.59 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 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.