Paragon Advisors LLC Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Paragon Advisors LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,098 shares of the company’s stock after purchasing an additional 288 shares during the quarter. Paragon Advisors LLC’s holdings in CrowdStrike were worth $2,271,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quent Capital LLC grew its position in CrowdStrike by 59.9% during the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after purchasing an additional 88 shares during the last quarter. Nwam LLC increased its position in CrowdStrike by 5.5% in the 1st quarter. Nwam LLC now owns 2,470 shares of the company’s stock valued at $772,000 after acquiring an additional 128 shares during the period. First Foundation Advisors increased its position in CrowdStrike by 22.7% in the 1st quarter. First Foundation Advisors now owns 265 shares of the company’s stock valued at $85,000 after acquiring an additional 49 shares during the period. Spirepoint Private Client LLC purchased a new stake in CrowdStrike during the 1st quarter valued at approximately $200,000. Finally, Vanguard Group Inc. lifted its position in CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CRWD. JMP Securities restated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research note on Monday, November 4th. Robert W. Baird lowered their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Royal Bank of Canada cut their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. KeyCorp raised their price objective on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Finally, Barclays boosted their target price on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. One equities 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Trading Down 2.2 %

NASDAQ CRWD opened at $336.75 on Friday. The company has a market cap of $82.55 billion, a P/E ratio of 488.04, a P/E/G ratio of 23.52 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $198.86 and a 12 month high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The company has a 50-day moving average of $297.79 and a 200-day moving average of $310.13.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $958.27 million. During the same quarter last year, the firm posted $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 10,776 shares of the firm’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 $3,203,489.28. Following the completion of the transaction, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This represents a 2.62 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by insiders.

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.