Creative Planning Buys 7,543 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Creative Planning grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 158,740 shares of the company’s stock after buying an additional 7,543 shares during the period. Creative Planning owned approximately 0.07% of CrowdStrike worth $60,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Arlington Financial Advisors LLC lifted its holdings in shares of CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after purchasing an additional 30 shares in the last quarter. Saturna Capital Corp lifted its holdings in shares of CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares in the last quarter. Means Investment CO. Inc. lifted its holdings in shares of CrowdStrike by 1.8% during the 2nd quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares in the last quarter. Shepherd Financial Partners LLC raised its position in CrowdStrike by 1.4% in the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after buying an additional 36 shares during the last quarter. Finally, Albion Financial Group UT raised its position in CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after buying an additional 39 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

CRWD opened at $285.86 on Friday. The business has a fifty day simple moving average of $259.63 and a 200 day simple moving average of $311.04. The company has a market capitalization of $69.57 billion, a PE ratio of 539.36, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1 year low of $160.86 and a 1 year high of $398.33. 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 released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.06 EPS. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Activity

In other news, CFO Burt W. Podbere sold 11,178 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 286,472 shares in the company, valued at approximately $85,216,825.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CFO Burt W. Podbere sold 11,178 shares of the company’s stock in a transaction 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 sale, the chief financial officer now directly owns 286,472 shares in the company, valued at approximately $85,216,825.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The disclosure for this sale can be found here. In the last three months, insiders sold 111,962 shares of company stock worth $34,477,948. 4.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CRWD shares. Scotiabank dropped their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. Citigroup dropped their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Stifel Nicolaus dropped their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company dropped their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.