GM Advisory Group LLC Has $672,000 Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

GM Advisory Group LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,753 shares of the company’s stock after buying an additional 100 shares during the period. GM Advisory Group LLC’s holdings in CrowdStrike were worth $672,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of CRWD. Quadrant Capital Group LLC raised its holdings in shares of CrowdStrike by 110.0% in the fourth quarter. Quadrant Capital Group LLC now owns 378 shares of the company’s stock valued at $97,000 after purchasing an additional 198 shares during the last quarter. TrinityPoint Wealth LLC acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $277,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $583,000. PNC Financial Services Group Inc. raised its holdings in shares of CrowdStrike by 16.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 40,603 shares of the company’s stock valued at $10,367,000 after purchasing an additional 5,884 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $508,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the sale, the director now directly owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The disclosure for this sale can be found here. In the last three months, insiders have sold 45,577 shares of company stock worth $16,330,609. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

CRWD has been the topic of a number of recent research reports. DA Davidson reiterated a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Wednesday. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Thursday. Raymond James reduced their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research report on Thursday. Finally, Sanford C. Bernstein cut their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $327.03.

CrowdStrike Stock Performance

CrowdStrike stock opened at $277.38 on Friday. The business has a 50 day moving average of $267.33 and a 200-day moving average of $312.39. CrowdStrike Holdings, Inc. has a 1 year low of $157.59 and a 1 year high of $398.33. The company has a market capitalization of $67.50 billion, a P/E ratio of 523.36, a P/E/G ratio of 16.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

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.