CWA Asset Management Group LLC Acquires New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CWA Asset Management Group LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, HoldingsChannel.com reports. The firm bought 2,247 shares of the company’s stock, valued at approximately $630,000.

Several other large investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter worth $25,000. Oakworth Capital Inc. bought a new position in shares of CrowdStrike in the third quarter worth about $28,000. Tsfg LLC grew its position in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares in the last quarter. Family Firm Inc. bought a new stake in CrowdStrike during the 2nd quarter valued at approximately $30,000. Finally, Castleview Partners LLC purchased a new position in CrowdStrike in the 3rd quarter worth approximately $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $342.42 on Tuesday. The stock has a market cap of $83.94 billion, a price-to-earnings ratio of 492.87, a price-to-earnings-growth ratio of 22.31 and a beta of 1.10. The firm has a 50-day moving average of $289.62 and a two-hundred day moving average of $308.80. CrowdStrike Holdings, Inc. has a 1 year low of $197.17 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 announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.06 earnings per share. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on CRWD shares. Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a research note on Monday, September 30th. Raymond James dropped their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. DA Davidson reiterated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,248 shares of company stock worth $32,143,350. Company insiders own 4.34% of the company’s stock.

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.