Valley Brook Capital Group Inc. Has $501,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Valley Brook Capital Group Inc. raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,785 shares of the company’s stock after acquiring an additional 300 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in CrowdStrike were worth $501,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CRWD. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike in the second quarter worth $25,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the second quarter worth about $30,000. Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike during the 2nd quarter worth about $33,000. Unique Wealth Strategies LLC acquired a new position in shares of CrowdStrike during the 2nd quarter valued at about $36,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike in the 2nd quarter valued at approximately $38,000. 71.16% of the stock is owned by institutional investors.

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated 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 completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock valued at $30,529,413 over the last 90 days. 4.34% of the stock is owned by company insiders.

CrowdStrike Price Performance

CRWD traded up $2.34 during midday trading on Thursday, hitting $322.34. The company had a trading volume of 291,761 shares, compared to its average volume of 5,055,115. CrowdStrike Holdings, Inc. has a twelve month low of $189.12 and a twelve month high of $398.33. The company has a market capitalization of $79.01 billion, a PE ratio of 463.77, a P/E/G ratio of 20.50 and a beta of 1.10. 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 firm’s 50-day simple moving average is $287.38 and its 200-day simple moving average is $308.22.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during 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%. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research report on Monday. Susquehanna reaffirmed a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Royal Bank of Canada dropped their target price on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Finally, KeyCorp lifted their price objective on CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $328.74.

About CrowdStrike

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.