Financial Advocates Investment Management Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Financial Advocates Investment Management raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 39.5% during the 3rd quarter, Holdings Channel reports. The firm owned 7,695 shares of the company’s stock after buying an additional 2,180 shares during the quarter. Financial Advocates Investment Management’s holdings in CrowdStrike were worth $2,158,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in CRWD. Norden Group LLC purchased a new stake in CrowdStrike during the 1st quarter valued at about $3,736,000. First Trust Direct Indexing L.P. boosted its stake in shares of CrowdStrike by 10.4% in the first quarter. First Trust Direct Indexing L.P. now owns 3,182 shares of the company’s stock worth $1,020,000 after buying an additional 300 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of CrowdStrike by 350.8% in the first quarter. Van ECK Associates Corp now owns 12,087 shares of the company’s stock worth $3,875,000 after buying an additional 9,406 shares during the last quarter. Private Advisor Group LLC boosted its stake in shares of CrowdStrike by 25.7% in the first quarter. Private Advisor Group LLC now owns 28,583 shares of the company’s stock worth $9,163,000 after buying an additional 5,851 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in shares of CrowdStrike in the first quarter worth about $2,643,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. The Goldman Sachs Group lowered their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Robert W. Baird reduced their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Jefferies Financial Group upped their price target on CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Guggenheim cut CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $328.74.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock worth $30,529,413 over the last ninety days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 3.4 %

Shares of CrowdStrike stock opened at $296.87 on Friday. The firm has a market capitalization of $72.77 billion, a price-to-earnings ratio of 560.13, a PEG ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a fifty-two week low of $172.58 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a 50 day moving average of $284.22 and a 200 day moving average of $307.74.

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 return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current 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.