Fifth Third Bancorp Purchases 5,021 Shares of CrowdStrike $CRWD

Fifth Third Bancorp boosted its holdings in CrowdStrike (NASDAQ:CRWD) by 5.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,134 shares of the company’s stock after acquiring an additional 5,021 shares during the quarter. Fifth Third Bancorp’s holdings in CrowdStrike were worth $45,671,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CRWD. Asset Planning Inc purchased a new stake in shares of CrowdStrike during the third quarter valued at $25,000. Pilgrim Partners Asia Pte Ltd purchased a new stake in shares of CrowdStrike during the 3rd quarter valued at about $25,000. AlphaQuest LLC purchased a new stake in shares of CrowdStrike during the 2nd quarter valued at about $26,000. Howard Hughes Medical Institute bought a new stake in shares of CrowdStrike in the second quarter worth approximately $27,000. Finally, Pinnacle Bancorp Inc. purchased a new position in shares of CrowdStrike during the third quarter valued at approximately $27,000. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research reports. Rosenblatt Securities dropped their target price on shares of CrowdStrike from $630.00 to $555.00 and set a “buy” rating on the stock in a report on Thursday, February 12th. Loop Capital set a $550.00 price target on CrowdStrike in a report on Thursday, December 11th. Macquarie Infrastructure reaffirmed a “neutral” rating and issued a $485.00 price objective on shares of CrowdStrike in a report on Tuesday, January 27th. Oppenheimer upped their price objective on CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a research report on Friday, November 21st. Finally, Needham & Company LLC raised their target price on CrowdStrike from $535.00 to $575.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Thirty-one research analysts have rated the stock with a Buy rating, sixteen have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $552.17.

Insiders Place Their Bets

In related news, CFO Burt W. Podbere sold 10,516 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $483.33, for a total value of $5,082,698.28. Following the transaction, the chief financial officer directly owned 179,114 shares of the company’s stock, valued at approximately $86,571,169.62. The trade was a 5.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Denis Oleary sold 7,750 shares of the stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $515.44, for a total transaction of $3,994,660.00. Following the sale, the director directly owned 10,816 shares of the company’s stock, valued at approximately $5,574,999.04. This trade represents a 41.74% 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 sold 100,247 shares of company stock valued at $45,722,274. Insiders own 3.32% of the company’s stock.

CrowdStrike Stock Up 4.4%

NASDAQ CRWD opened at $429.64 on Tuesday. CrowdStrike has a 52 week low of $298.00 and a 52 week high of $566.90. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $108.31 billion, a P/E ratio of -340.98, a price-to-earnings-growth ratio of 24.59 and a beta of 1.03. The stock’s 50-day moving average price is $458.83 and its 200-day moving average price is $473.22.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.02. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the prior year, the firm posted $0.93 EPS. The firm’s quarterly revenue was up 21.8% compared to the same quarter last year. On average, equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.