B. Riley Wealth Advisors Inc. Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

B. Riley Wealth Advisors Inc. raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,024 shares of the company’s stock after purchasing an additional 383 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in CrowdStrike were worth $6,523,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Burney Co. purchased a new stake in CrowdStrike during the 1st quarter valued at about $1,342,000. Principal Financial Group Inc. grew its stake in CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after purchasing an additional 242,052 shares during the last quarter. BNP Paribas purchased a new stake in shares of CrowdStrike in the first quarter worth about $2,685,000. Swedbank AB purchased a new stake in shares of CrowdStrike in the first quarter worth about $73,972,000. Finally, Wellington Management Group LLP boosted its stake in shares of CrowdStrike by 5,452.5% in the fourth quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock worth $36,902,000 after buying an additional 141,929 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 96,962 shares of company stock worth $28,774,798. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent research reports. Mizuho lowered their target price on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research note on Thursday, September 19th. TD Cowen lowered their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. Finally, Stifel Nicolaus lowered their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $326.50.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $280.47 on Tuesday. The stock has a market cap of $68.26 billion, a PE ratio of 529.19, a P/E/G ratio of 19.60 and a beta of 1.09. CrowdStrike Holdings, Inc. has a one year low of $160.86 and a one year high of $398.33. 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 stock has a 50 day moving average price of $259.96 and a 200 day moving average price of $310.56.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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. 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 for the quarter was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal 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.