Narus Financial Partners LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Narus Financial Partners LLC acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,044 shares of the company’s stock, valued at approximately $293,000.

Several other hedge funds have also added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the second quarter worth about $25,000. Tsfg LLC raised its position in CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the period. Trivant Custom Portfolio Group LLC bought a new stake in CrowdStrike in the first quarter worth about $30,000. Family Firm Inc. bought a new stake in CrowdStrike in the second quarter worth about $30,000. Finally, Future Financial Wealth Managment LLC bought a new stake in CrowdStrike in the first quarter worth about $32,000. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following 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 trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 103,212 shares of company stock valued at $30,529,413. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on CRWD. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Tuesday, September 24th. Evercore ISI lowered their price target on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. BNP Paribas started coverage on shares of CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 price target on the stock. Finally, HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their price target for the company from $302.00 to $339.00 in a research report on Friday, August 30th. One 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Trading Down 0.1 %

Shares of CRWD opened at $310.15 on Monday. The stock has a market capitalization of $75.48 billion, a P/E ratio of 585.19, a PEG ratio of 19.94 and a beta of 1.10. 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 fifty day simple moving average of $276.25 and a two-hundred day simple moving average of $308.20. CrowdStrike Holdings, Inc. has a twelve month low of $170.17 and a twelve month high of $398.33.

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 net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period last year, the company posted $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS 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.