RKL Wealth Management LLC Buys Shares of 8,191 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

RKL Wealth Management LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter, Holdings Channel reports. The institutional investor purchased 8,191 shares of the company’s stock, valued at approximately $2,297,000.

Other hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike in the third quarter worth about $28,000. Tsfg LLC lifted its holdings in shares of CrowdStrike by 593.3% in 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. bought a new position in shares of CrowdStrike in the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC purchased a new position in CrowdStrike during the third quarter valued at approximately $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRWD. Rosenblatt Securities reiterated a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. JMP Securities reiterated a “market outperform” rating and issued a $400.00 price objective on shares of CrowdStrike in a research report on Monday, November 4th. Susquehanna restated a “positive” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and raised their price target for the company from $302.00 to $339.00 in a report on Friday, August 30th. Finally, Wedbush set a $330.00 price target on CrowdStrike in a research report on Thursday, October 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the transaction, the director now owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the 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 of the company’s stock, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,248 shares of company stock valued at $32,143,350. Company insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 0.2 %

NASDAQ CRWD opened at $330.03 on Friday. The stock has a market cap of $80.90 billion, a P/E ratio of 478.30, a price-to-earnings-growth ratio of 21.64 and a beta of 1.10. CrowdStrike Holdings, Inc. has a fifty-two week low of $189.12 and a fifty-two week high of $398.33. The stock has a 50 day simple moving average of $289.62 and a two-hundred day simple moving average of $308.66. 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 (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company 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 firm’s revenue was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 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.