Parcion Private Wealth LLC Has $336,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Parcion Private Wealth LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.9% during the second quarter, Holdings Channel.com reports. The firm owned 877 shares of the company’s stock after buying an additional 175 shares during the period. Parcion Private Wealth LLC’s holdings in CrowdStrike were worth $336,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the first quarter worth approximately $30,000. Family Firm Inc. acquired a new position in CrowdStrike in the second quarter worth approximately $30,000. Johnson Financial Group Inc. acquired a new position in CrowdStrike in the fourth quarter worth approximately $31,000. Northwest Bank & Trust Co acquired a new position in CrowdStrike in the fourth quarter worth approximately $32,000. Finally, Future Financial Wealth Managment LLC acquired a new position in CrowdStrike in the first quarter worth approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a document filed with the SEC, which is available through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, the director now owns 824,234 shares in the company, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,219 shares of company stock worth $48,856,294. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 3.9 %

CRWD stock traded down $10.04 during midday trading on Friday, reaching $246.39. The stock had a trading volume of 4,320,084 shares, compared to its average volume of 5,416,956. The business has a fifty day simple moving average of $289.69 and a two-hundred day simple moving average of $315.83. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $59.96 billion, a price-to-earnings ratio of 464.89, a PEG ratio of 13.44 and a beta of 1.09. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue was up 31.7% on a year-over-year basis. During the same period last year, the company earned $0.06 earnings per share. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have commented on CRWD. Truist Financial reiterated a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. Oppenheimer lowered their price target on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. DA Davidson increased their price target on CrowdStrike from $290.00 to $310.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Rosenblatt Securities lowered their price target on CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Finally, Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $327.16.

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.