Schear Investment Advisers LLC Has $1.57 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Schear Investment Advisers LLC increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 27.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,603 shares of the company’s stock after purchasing an additional 1,218 shares during the quarter. Schear Investment Advisers LLC’s holdings in CrowdStrike were worth $1,571,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CRWD. Quent Capital LLC grew its position in shares of CrowdStrike by 59.9% during the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after buying an additional 88 shares during the period. First Foundation Advisors grew its position in shares of CrowdStrike by 22.7% during the 1st quarter. First Foundation Advisors now owns 265 shares of the company’s stock worth $85,000 after buying an additional 49 shares during the period. Ontario Teachers Pension Plan Board acquired a new position in shares of CrowdStrike during the 1st quarter worth about $273,000. Allstate Corp acquired a new position in shares of CrowdStrike during the 1st quarter worth about $225,000. Finally, Edgestream Partners L.P. acquired a new position in shares of CrowdStrike during the 1st quarter worth about $839,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The stock was 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 directly owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was 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 approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $336.75 on Friday. The firm has a market cap of $82.55 billion, a price-to-earnings ratio of 488.04, a PEG ratio of 23.52 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 business’s fifty day moving average is $297.79 and its 200 day moving average is $310.25. CrowdStrike Holdings, Inc. has a 52-week low of $198.86 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its 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. The business had revenue of $963.87 million for 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 company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS. Research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

CRWD has been the subject of several analyst reports. JPMorgan Chase & Co. decreased their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Needham & Company LLC assumed coverage on CrowdStrike in a report on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective on the stock. Truist Financial reiterated a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. Susquehanna reiterated a “positive” rating and set a $310.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Raymond James cut their price objective on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.