Renaissance Investment Group LLC Has $6.11 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

by · The Cerbat Gem

Renaissance Investment Group LLC increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) by 2.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,800 shares of the company’s stock after purchasing an additional 622 shares during the quarter. Renaissance Investment Group LLC’s holdings in CrowdStrike were worth $6,114,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in CRWD. Vanguard Group Inc. increased its position in CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after purchasing an additional 1,028,405 shares in the last quarter. Bank of New York Mellon Corp increased its position in CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after acquiring an additional 564,662 shares during the period. Acadian Asset Management LLC increased its position in CrowdStrike by 619.0% in the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after acquiring an additional 477,706 shares during the period. Principal Financial Group Inc. increased its position in CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after acquiring an additional 242,052 shares during the period. Finally, Swedbank AB acquired a new position in CrowdStrike in the 1st quarter valued at approximately $73,972,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO George Kurtz sold 55,325 shares of the firm’s 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 completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,962 shares of company stock worth $28,774,798. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $320.21 on Friday. CrowdStrike Holdings, Inc. has a one year low of $170.17 and a one year high of $398.33. The firm has a 50-day moving average of $268.78 and a 200-day moving average of $308.72. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $78.49 billion, a P/E ratio of 464.07, a P/E/G ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last posted its quarterly earnings data 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. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the company posted $0.06 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on CRWD shares. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and decreased their price target for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. 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 for the company. Cantor Fitzgerald restated an “overweight” rating and issued a $350.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Stifel Nicolaus decreased their price target on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Finally, The Goldman Sachs Group decreased their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $325.44.

Read Our Latest Report on CRWD

CrowdStrike Company Profile

(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.

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