Oppenheimer Asset Management Inc. Buys 1,911 Shares of CrowdStrike $CRWD

Oppenheimer Asset Management Inc. raised its stake in CrowdStrike (NASDAQ:CRWD) by 6.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 31,787 shares of the company’s stock after buying an additional 1,911 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CrowdStrike were worth $15,588,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CRWD. Brighton Jones LLC grew its position in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after buying an additional 2,417 shares during the last quarter. Empowered Funds LLC lifted its holdings in shares of CrowdStrike by 3.6% during the 1st quarter. Empowered Funds LLC now owns 4,812 shares of the company’s stock valued at $1,697,000 after purchasing an additional 169 shares during the last quarter. Trust Co. of Toledo NA OH acquired a new stake in shares of CrowdStrike in the 2nd quarter worth $102,000. Johnson Investment Counsel Inc. boosted its position in shares of CrowdStrike by 86.4% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,603 shares of the company’s stock worth $816,000 after purchasing an additional 743 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its stake in CrowdStrike by 41.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,968 shares of the company’s stock worth $7,627,000 after buying an additional 4,407 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Needham & Company LLC upped their price objective on shares of CrowdStrike from $535.00 to $575.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Berenberg Bank set a $600.00 price objective on shares of CrowdStrike and gave the stock a “buy” rating in a research note on Friday, January 9th. Macquarie Infrastructure reissued a “neutral” rating and issued a $485.00 target price on shares of CrowdStrike in a research report on Tuesday, January 27th. BMO Capital Markets lifted their price target on CrowdStrike from $500.00 to $555.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 3rd. Finally, JPMorgan Chase & Co. raised their price objective on CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $555.21.

Insider Activity

In other news, President Michael Sentonas sold 11,461 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the completion of the transaction, the president directly owned 342,655 shares in the company, valued at $164,399,015.90. This trade represents a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Johanna Flower sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total transaction of $1,385,820.00. Following the completion of the transaction, the director directly owned 76,082 shares of the company’s stock, valued at approximately $35,145,319.08. The trade was a 3.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,247 shares of company stock worth $45,722,274 in the last three months. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $408.04 on Tuesday. The stock has a market capitalization of $102.87 billion, a PE ratio of -323.84, a P/E/G ratio of 22.63 and a beta of 1.03. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. The company has a fifty day moving average of $468.45 and a two-hundred day moving average of $474.79. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.81 and a current ratio of 1.81.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. CrowdStrike’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 EPS. As a group, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal 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.