Strategic Investment Solutions Inc. IL Makes New $38,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Strategic Investment Solutions Inc. IL bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, Holdings Channel reports. The institutional investor bought 100 shares of the company’s stock, valued at approximately $38,000.

Other hedge funds also recently modified their holdings of the company. New Wave Wealth Advisors LLC bought a new position in CrowdStrike during the 2nd quarter valued at $325,000. Granite Bay Wealth Management LLC purchased a new stake in shares of CrowdStrike in the second quarter valued at about $5,045,000. HWG Holdings LP bought a new position in shares of CrowdStrike during the second quarter valued at about $2,955,000. EP Wealth Advisors LLC boosted its holdings in CrowdStrike by 240.7% during the second quarter. EP Wealth Advisors LLC now owns 17,181 shares of the company’s stock worth $6,583,000 after purchasing an additional 12,138 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its position in CrowdStrike by 2.3% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 17,024 shares of the company’s stock worth $6,523,000 after purchasing an additional 383 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $280.24 on Thursday. The company’s fifty day moving average price is $260.52 and its 200-day moving average price is $310.06. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market capitalization of $68.20 billion, a price-to-earnings ratio of 528.75, a PEG ratio of 19.60 and a beta of 1.09. CrowdStrike Holdings, Inc. has a one year low of $160.86 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $958.27 million. During the same quarter last year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, CFO Burt W. Podbere sold 11,178 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the transaction, the chief financial officer now directly owns 286,472 shares in the company, valued at $85,216,825.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, President Michael Sentonas sold 10,776 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the sale, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 11,178 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.47, for a total value of $3,325,119.66. Following the completion of the transaction, the chief financial officer now directly owns 286,472 shares in the company, valued at $85,216,825.84. The disclosure for this sale can be found here. Insiders sold 96,962 shares of company stock worth $28,774,798 in the last quarter. 4.34% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on CRWD. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and lifted their target price for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Sanford C. Bernstein decreased their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. BTIG Research cut CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Finally, Canaccord Genuity Group restated a “buy” rating and set a $330.00 price target on shares of CrowdStrike in a research report on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $326.50.

CrowdStrike Company 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.