Whittier Trust Co. of Nevada Inc. Boosts Stock Position in CrowdStrike $CRWD

Whittier Trust Co. of Nevada Inc. lifted its stake in CrowdStrike (NASDAQ:CRWD) by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,229 shares of the company’s stock after acquiring an additional 1,552 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in CrowdStrike were worth $17,748,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Asset Planning Inc bought a new position in CrowdStrike in the 3rd quarter worth about $25,000. AlphaQuest LLC bought a new stake in shares of CrowdStrike during the second quarter valued at about $26,000. Howard Hughes Medical Institute purchased a new stake in shares of CrowdStrike in the second quarter worth about $27,000. Pinnacle Bancorp Inc. bought a new position in shares of CrowdStrike in the third quarter valued at approximately $27,000. Finally, Financial Gravity Companies Inc. purchased a new position in CrowdStrike during the second quarter valued at approximately $33,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 0.3%

Shares of CRWD opened at $452.49 on Friday. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a 50 day simple moving average of $485.15 and a two-hundred day simple moving average of $478.22. The firm has a market cap of $114.07 billion, a P/E ratio of -359.12, a P/E/G ratio of 109.85 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, December 3rd. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. During the same period in the previous year, the business posted $0.93 EPS. The business’s quarterly revenue was up 21.8% on a year-over-year basis. On average, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,516 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $483.33, for a total transaction 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. This trade represents a 5.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Michael Sentonas sold 11,461 shares of CrowdStrike stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $479.78, for a total value of $5,498,758.58. Following the completion of the transaction, the president owned 342,655 shares in the company, valued at approximately $164,399,015.90. This represents a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 69,048 shares of company stock valued at $34,509,857. 3.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have issued reports on CRWD. DA Davidson reiterated a “buy” rating and issued a $580.00 target price on shares of CrowdStrike in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. increased their price objective on CrowdStrike from $500.00 to $580.00 and gave the stock an “overweight” rating in a research report on Monday, December 1st. Canaccord Genuity Group boosted their target price on CrowdStrike from $500.00 to $515.00 and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. BNP Paribas Exane raised their price target on CrowdStrike from $350.00 to $450.00 and gave the company a “neutral” rating in a report on Wednesday, December 3rd. Finally, Piper Sandler lifted their price target on CrowdStrike from $450.00 to $520.00 and gave the company a “neutral” rating in a research report on Wednesday, December 3rd. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $555.21.

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.