Planning Capital Management Corp Buys 69 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Planning Capital Management Corp lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 402 shares of the company’s stock after acquiring an additional 69 shares during the quarter. Planning Capital Management Corp’s holdings in CrowdStrike were worth $113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares during the last quarter. Legal & General Group Plc increased its holdings in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after purchasing an additional 77,100 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after purchasing an additional 564,662 shares in the last quarter. Finally, Federated Hermes Inc. increased its holdings in CrowdStrike by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock worth $426,212,000 after purchasing an additional 9,564 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Sameer K. Gandhi sold 5,036 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 104,248 shares of company stock worth $31,103,350 over the last ninety days. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $347.88 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 52-week low of $198.86 and a 52-week high of $398.33. The firm has a market cap of $85.28 billion, a price-to-earnings ratio of 504.17, a PEG ratio of 23.22 and a beta of 1.10. The business’s fifty day moving average is $294.23 and its 200 day moving average is $309.66.

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Sanford C. Bernstein reduced their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Oppenheimer cut their target price on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Argus cut their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research report on Friday, August 30th. TD Cowen cut their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $290.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.