Strategic Advisors LLC Has $6.35 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Strategic Advisors LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 67.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 22,654 shares of the company’s stock after buying an additional 9,149 shares during the quarter. CrowdStrike accounts for approximately 1.2% of Strategic Advisors LLC’s holdings, making the stock its 20th biggest holding. Strategic Advisors LLC’s holdings in CrowdStrike were worth $6,354,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike during the second quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC bought a new stake in CrowdStrike in the first quarter valued at $30,000. Family Firm Inc. acquired a new position in CrowdStrike during the second quarter worth $30,000. Northwest Bank & Trust Co bought a new position in shares of CrowdStrike during the fourth quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at $32,000. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,962 shares of company stock worth $28,774,798. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the subject of several analyst reports. Truist Financial reissued a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. Piper Sandler restated an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and cut their price objective for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. Scotiabank decreased their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, Barclays upped their price target on shares of CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $325.44.

CrowdStrike Price Performance

CrowdStrike stock traded up $11.20 during mid-day trading on Thursday, reaching $309.54. 4,965,621 shares of the company were exchanged, compared to its average volume of 5,235,011. The firm has a market cap of $75.33 billion, a PE ratio of 586.74, a PEG ratio of 19.60 and a beta of 1.10. 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 company has a fifty day simple moving average of $264.92 and a 200-day simple moving average of $308.86. CrowdStrike Holdings, Inc. has a 12 month low of $170.17 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates 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%. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 earnings per share. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal 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.