Gilliland Jeter Wealth Management LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gilliland Jeter Wealth Management LLC increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 45.0% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 290 shares of the company’s stock after buying an additional 90 shares during the quarter. Gilliland Jeter Wealth Management LLC’s holdings in CrowdStrike were worth $81,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. American International Group Inc. boosted its stake in CrowdStrike by 1.9% during the fourth quarter. American International Group Inc. now owns 19,431 shares of the company’s stock worth $4,961,000 after buying an additional 369 shares during the period. Wellington Management Group LLP increased its holdings in CrowdStrike by 5,452.5% in the 4th quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock valued at $36,902,000 after purchasing an additional 141,929 shares during the last quarter. Fisher Asset Management LLC purchased a new stake in CrowdStrike in the fourth quarter valued at approximately $464,000. GAMMA Investing LLC lifted its stake in CrowdStrike by 18.5% during the first quarter. GAMMA Investing LLC now owns 282 shares of the company’s stock worth $90,000 after purchasing an additional 44 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of CrowdStrike during the first quarter worth $76,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other 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 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 $11,582,623.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’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 trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock valued at $30,529,413 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several research reports. Evercore ISI decreased their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. TD Cowen reduced 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. Jefferies Financial Group lifted their price objective on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and cut their target price for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Finally, BMO Capital Markets raised their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. One equities 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Stock Down 0.1 %

CRWD opened at $310.15 on Monday. CrowdStrike Holdings, Inc. has a 52 week low of $170.17 and a 52 week high of $398.33. The business has a 50 day moving average price of $276.25 and a two-hundred day moving average price of $308.20. 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 company has a market cap of $75.48 billion, a PE ratio of 585.19, a P/E/G ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly 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. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

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.