StoneCrest Wealth Management Inc. Has $1.67 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

StoneCrest Wealth Management Inc. trimmed its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,968 shares of the company’s stock after selling 675 shares during the quarter. CrowdStrike accounts for 1.2% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 24th largest holding. StoneCrest Wealth Management Inc.’s holdings in CrowdStrike were worth $1,674,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the 2nd quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the first quarter valued at about $30,000. Family Firm Inc. bought a new position in CrowdStrike in the second quarter valued at about $30,000. Northwest Bank & Trust Co acquired a new position in CrowdStrike during the fourth quarter worth about $32,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of CrowdStrike in the first quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, President Michael Sentonas sold 10,776 shares of the company’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the sale, the president now owns 400,390 shares in the company, valued at $119,027,939.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 96,962 shares of company stock valued at $28,774,798. 4.34% of the stock is owned by company insiders.

CrowdStrike Stock Up 2.1 %

CrowdStrike stock opened at $293.01 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $71.31 billion, a PE ratio of 552.85, a PEG ratio of 19.60 and a beta of 1.10. The firm’s fifty day moving average is $263.59 and its 200 day moving average is $308.94. CrowdStrike Holdings, Inc. has a 12-month low of $170.17 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CRWD shares. Piper Sandler reaffirmed an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Hsbc Global Res upgraded shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Jefferies Financial Group increased their price target on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Wells Fargo & Company lowered their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $325.44.

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.