Circle Wealth Management LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Circle Wealth Management LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,448 shares of the company’s stock after purchasing an additional 565 shares during the period. Circle Wealth Management LLC’s holdings in CrowdStrike were worth $8,985,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of 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 buying an additional 315,280 shares during the period. First Trust Advisors LP raised its stake in CrowdStrike by 19.3% in the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after purchasing an additional 358,945 shares during the last quarter. Pathstone Holdings LLC acquired a new position in CrowdStrike in the 4th quarter valued at $450,418,000. Bank of New York Mellon Corp raised its stake in CrowdStrike by 47.5% in the 2nd 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 during the last quarter. Finally, Federated Hermes Inc. raised its stake in CrowdStrike by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock valued at $426,212,000 after purchasing an additional 9,564 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on CRWD shares. Scotiabank reduced their price objective on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 14th. Citigroup cut their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Susquehanna reaffirmed a “positive” rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Thursday. Evercore ISI cut their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Finally, Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and cut their target price for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $327.03.

Insider Transactions at CrowdStrike

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

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $299.85 on Friday. 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 Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. The firm has a market capitalization of $72.97 billion, a PE ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The stock’s 50-day simple moving average is $265.90 and its 200-day simple moving average is $312.40.

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

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.