Aviso Wealth Management Sells 87 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Aviso Wealth Management trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,547 shares of the company’s stock after selling 87 shares during the period. CrowdStrike comprises about 0.8% of Aviso Wealth Management’s investment portfolio, making the stock its 28th largest holding. Aviso Wealth Management’s holdings in CrowdStrike were worth $1,359,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Brick & Kyle Associates bought a new position in shares of CrowdStrike during the 2nd quarter worth approximately $695,000. Sepio Capital LP raised its stake in CrowdStrike by 13.6% in the 2nd quarter. Sepio Capital LP now owns 9,009 shares of the company’s stock valued at $3,473,000 after acquiring an additional 1,082 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in CrowdStrike in the 2nd quarter valued at about $43,147,000. Scientech Research LLC grew its holdings in CrowdStrike by 233.0% in the 2nd quarter. Scientech Research LLC now owns 12,009 shares of the company’s stock valued at $4,602,000 after buying an additional 8,403 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in CrowdStrike by 3.0% in the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $285.86 on Friday. The firm’s 50 day moving average is $259.63 and its 200 day moving average is $311.04. The stock has a market capitalization of $69.57 billion, a P/E ratio of 539.36, a PEG ratio of 19.60 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 12 month low of $160.86 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly 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 net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period last year, the firm earned $0.06 EPS. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was 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 owns 824,234 shares in the company, valued at approximately $313,382,009.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other CrowdStrike news, CFO Burt W. Podbere sold 11,178 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the completion of the transaction, the chief financial officer now owns 286,472 shares of the company’s stock, valued at approximately $85,216,825.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was 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 approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders have sold 111,962 shares of company stock valued at $34,477,948 in the last quarter. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on CRWD. TD Cowen reduced their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. DA Davidson reiterated a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. Cantor Fitzgerald reissued an “overweight” rating and set a $350.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. Morgan Stanley reissued an “overweight” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Monday, September 9th. Finally, HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and increased their price target for the stock from $302.00 to $339.00 in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $326.50.

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.