M&T Bank Corp lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 95.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,482 shares of the company’s stock after purchasing an additional 2,684 shares during the period. M&T Bank Corp’s holdings in CrowdStrike were worth $753,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in the company. Aperio Group LLC raised its position in shares of CrowdStrike by 277.2% during the third quarter. Aperio Group LLC now owns 46,635 shares of the company’s stock worth $6,404,000 after purchasing an additional 34,270 shares during the period. Gabelli Funds LLC acquired a new stake in shares of CrowdStrike during the third quarter worth $2,746,000. Parkside Financial Bank & Trust raised its position in shares of CrowdStrike by 46.6% during the third quarter. Parkside Financial Bank & Trust now owns 305 shares of the company’s stock worth $42,000 after purchasing an additional 97 shares during the period. Freestone Capital Holdings LLC acquired a new stake in shares of CrowdStrike during the third quarter worth $35,000. Finally, Aigen Investment Management LP acquired a new stake in shares of CrowdStrike during the third quarter worth $880,000. 62.22% of the stock is currently owned by institutional investors.
In related news, insider Shawn Henry sold 1,600 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $127.03, for a total transaction of $203,248.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Abhishek Maheshwari sold 11,702 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $127.08, for a total value of $1,487,090.16. The disclosure for this sale can be found here. In the last quarter, insiders have sold 885,293 shares of company stock valued at $119,709,887. 11.32% of the stock is currently owned by corporate insiders.
CRWD opened at $145.72 on Friday. The company has a market cap of $31.98 billion, a PE ratio of -269.85 and a beta of 1.12. The stock has a 50-day moving average of $137.53 and a 200-day moving average of $113.46. CrowdStrike Holdings, Inc. has a 52-week low of $31.95 and a 52-week high of $153.90.
CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, September 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.04. The company had revenue of $198.97 million during the quarter, compared to the consensus estimate of $188.56 million. CrowdStrike had a negative return on equity of 14.99% and a negative net margin of 17.27%. The firm’s revenue was up 84.0% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.18) EPS. On average, research analysts predict that CrowdStrike Holdings, Inc. will post -0.52 EPS for the current year.
CRWD has been the topic of several recent analyst reports. Needham & Company LLC upped their price target on CrowdStrike from $120.00 to $170.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. Piper Sandler upped their price target on CrowdStrike from $160.00 to $175.00 in a research report on Friday, October 16th. Barclays upped their price target on CrowdStrike from $114.00 to $130.00 and gave the company an “overweight” rating in a research report on Monday, August 31st. Oppenheimer reissued a “buy” rating and set a $140.00 price target on shares of CrowdStrike in a research report on Thursday, September 24th. Finally, JMP Securities upped their price target on CrowdStrike from $130.00 to $160.00 and gave the company a “market outperform” rating in a research report on Thursday, September 3rd. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $134.75.
CrowdStrike Holdings, Inc provides cloud-delivered solutions for next-generation endpoint protection in the United States, Australia, Germany, India, Romania, and the United Kingdom. It offers 11 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as endpoint security, security and IT operations, and threat intelligence to deliver comprehensive breach protection even against today's most sophisticated attacks.
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