394 Shares in CrowdStrike $CRWD Bought by Associated Banc Corp

Associated Banc Corp bought a new stake in CrowdStrike (NASDAQ:CRWD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 394 shares of the company’s stock, valued at approximately $201,000.

Several other hedge funds have also made changes to their positions in CRWD. Vision Financial Markets LLC acquired a new stake in CrowdStrike in the first quarter valued at about $26,000. AlphaQuest LLC acquired a new position in CrowdStrike during the 2nd quarter worth approximately $26,000. Financial Gravity Companies Inc. purchased a new position in shares of CrowdStrike during the 2nd quarter worth approximately $33,000. Saudi Central Bank purchased a new position in shares of CrowdStrike during the 1st quarter worth approximately $34,000. Finally, Financial Management Professionals Inc. lifted its holdings in shares of CrowdStrike by 91.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after buying an additional 34 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CRWD. Sanford C. Bernstein reduced their target price on CrowdStrike from $371.00 to $343.00 and set a “market perform” rating for the company in a report on Thursday, August 28th. Oppenheimer raised their price objective on shares of CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Bank of America boosted their price objective on shares of CrowdStrike from $470.00 to $535.00 and gave the stock a “neutral” rating in a report on Monday, October 20th. Stifel Nicolaus increased their target price on shares of CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a report on Monday, November 17th. Finally, BTIG Research lifted their price target on shares of CrowdStrike from $489.00 to $640.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, sixteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $543.75.

CrowdStrike Trading Down 2.1%

Shares of CrowdStrike stock opened at $501.54 on Thursday. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. The business’s fifty day moving average is $511.66 and its two-hundred day moving average is $476.13. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. The firm has a market cap of $125.87 billion, a PE ratio of -421.46, a P/E/G ratio of 120.40 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period in the previous year, the firm earned $1.04 earnings per share. CrowdStrike’s revenue was up 21.4% compared to the same quarter last year. Analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, CFO Burt W. Podbere sold 1,957 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $550.41, for a total value of $1,077,152.37. Following the completion of the sale, the chief financial officer owned 218,467 shares of the company’s stock, valued at $120,246,421.47. This trade represents a 0.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 5,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $550.20, for a total transaction of $2,751,000.00. Following the completion of the transaction, the director directly owned 765,456 shares of the company’s stock, valued at approximately $421,153,891.20. The trade was a 0.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 116,622 shares of company stock valued at $58,561,456. 3.32% of the stock is owned by corporate insiders.

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.