BNC Wealth Management LLC Grows Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

BNC Wealth Management LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,988 shares of the company’s stock after buying an additional 900 shares during the quarter. BNC Wealth Management LLC’s holdings in CrowdStrike were worth $2,521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike during the third quarter worth $28,000. Tsfg LLC boosted its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. purchased a new position in CrowdStrike in the second quarter valued at $30,000. Finally, Castleview Partners LLC acquired a new position in shares of CrowdStrike in the third quarter worth about $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

CrowdStrike stock opened at $320.00 on Thursday. The company’s 50 day simple moving average is $287.38 and its 200-day simple moving average is $308.22. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 1 year low of $189.12 and a 1 year high of $398.33. The company has a market capitalization of $78.44 billion, a price-to-earnings ratio of 463.77, a price-to-earnings-growth ratio of 20.50 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the company earned $0.06 earnings per share. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the transaction, the director now owns 821,766 shares of the company’s stock, valued at $263,277,391.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,212 shares of company stock valued at $30,529,413. Corporate insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CRWD. The Goldman Sachs Group dropped their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. JPMorgan Chase & Co. dropped their price objective on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Scotiabank cut their price objective on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. Citigroup decreased their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, Argus cut their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $328.74.

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.