CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Elite Wealth Management Inc.

Elite Wealth Management Inc. increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 86.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,283 shares of the company’s stock after buying an additional 595 shares during the period. Elite Wealth Management Inc.’s holdings in CrowdStrike were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. First Trust Advisors LP grew its stake in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after purchasing an additional 358,945 shares in the last quarter. Pathstone Holdings LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at $450,418,000. Bank of New York Mellon Corp raised its stake in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after purchasing an additional 564,662 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in CrowdStrike by 0.9% in the second quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock worth $426,212,000 after purchasing an additional 9,564 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Canaccord Genuity Group dropped their price target on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Monday, September 9th. Argus reduced their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Finally, BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

CrowdStrike Price Performance

Shares of CRWD stock opened at $277.38 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 523.36, a PEG ratio of 16.14 and a beta of 1.09. The firm’s 50 day moving average is $267.33 and its 200-day moving average is $312.39. CrowdStrike Holdings, Inc. has a 1 year low of $157.59 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the company posted $0.06 EPS. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $374.99, for a total transaction of $3,028,794.23. Following the completion of the transaction, the insider now directly owns 187,091 shares in the company, valued at $70,157,254.09. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $374.99, for a total value of $3,028,794.23. Following the sale, the insider now owns 187,091 shares in the company, valued at $70,157,254.09. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The disclosure for this sale can be found here. Insiders have sold a total of 45,577 shares of company stock worth $16,330,609 in the last 90 days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Company 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.