Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

by · The Cerbat Gem

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) by 148.8% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 194,403 shares of the company’s stock after purchasing an additional 116,278 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.08% of CrowdStrike worth $54,524,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the second quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $28,000. Tsfg LLC raised its holdings in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. bought a new stake in CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC bought a new stake in CrowdStrike during the third quarter valued at approximately $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the transaction, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 55,325 shares of the 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 transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 4.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 in the last 90 days. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on CRWD shares. Jefferies Financial Group boosted 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. Needham & Company LLC boosted their target price on shares of CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Truist Financial boosted their target price on shares of CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a research report on Monday, November 18th. Finally, Barclays upped their price target on shares of CrowdStrike from $295.00 to $372.00 and gave the stock an “overweight” rating in a research report on Monday, November 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $355.80.

View Our Latest Research Report on CRWD

CrowdStrike Trading Down 4.6 %

Shares of CRWD opened at $347.59 on Thursday. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The company has a market cap of $85.20 billion, a P/E ratio of 503.75, a P/E/G ratio of 26.33 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $313.47 and its 200-day simple moving average is $312.77.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last posted its quarterly 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. The company had revenue of $963.87 million for 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 firm’s revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current year.

About CrowdStrike

(Free Report)

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.

See Also

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