Burr Financial Services LLC Acquires 270 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Burr Financial Services LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,240 shares of the company’s stock after buying an additional 270 shares during the period. CrowdStrike comprises approximately 0.2% of Burr Financial Services LLC’s investment portfolio, making the stock its 23rd biggest holding. Burr Financial Services LLC’s holdings in CrowdStrike were worth $348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tandem Capital Management Corp ADV raised its stake in CrowdStrike by 24.4% in the third quarter. Tandem Capital Management Corp ADV now owns 2,597 shares of the company’s stock valued at $728,000 after buying an additional 510 shares during the period. JFS Wealth Advisors LLC raised its stake in CrowdStrike by 9.1% in the third quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock valued at $134,000 after buying an additional 40 shares during the period. Diversify Wealth Management LLC bought a new stake in CrowdStrike in the third quarter valued at approximately $2,409,000. First Trust Direct Indexing L.P. raised its stake in CrowdStrike by 46.1% in the third quarter. First Trust Direct Indexing L.P. now owns 7,134 shares of the company’s stock valued at $2,001,000 after buying an additional 2,251 shares during the period. Finally, New York State Teachers Retirement System grew its position in shares of CrowdStrike by 1.3% in the third quarter. New York State Teachers Retirement System now owns 194,251 shares of the company’s stock valued at $54,482,000 after purchasing an additional 2,489 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and decreased their target price for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research report on Monday, September 30th. BNP Paribas assumed coverage on CrowdStrike in a research report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price on the stock. Finally, Scotiabank decreased their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $307.45 on Thursday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a twelve month low of $172.58 and a twelve month high of $398.33. The stock has a market cap of $75.36 billion, a price-to-earnings ratio of 580.09, a P/E/G ratio of 19.94 and a beta of 1.10. The company’s fifty day moving average is $283.63 and its 200 day moving average is $307.82.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the company’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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were 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 of the company’s stock, valued at $46,563,660. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,683 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 $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock valued at $30,529,413 over the last 90 days. 4.34% of the stock is owned by insiders.

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.