New Wave Wealth Advisors LLC Buys Shares of 848 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

New Wave Wealth Advisors LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 848 shares of the company’s stock, valued at approximately $325,000.

Several other hedge funds have also modified their holdings of CRWD. Vanguard Group Inc. boosted 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 worth $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. First Trust Advisors LP boosted 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 worth $565,461,000 after purchasing an additional 358,945 shares in the last quarter. Legal & General Group Plc grew its position in CrowdStrike by 3.0% during the 2nd quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. grew its position in CrowdStrike by 4.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after purchasing an additional 77,100 shares during the last quarter. Finally, Pathstone Holdings LLC acquired a new position in CrowdStrike during the 4th quarter valued at approximately $450,418,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Down 1.9 %

CrowdStrike stock opened at $280.47 on Tuesday. The stock has a 50-day moving average price of $259.96 and a 200 day moving average price of $310.56. CrowdStrike Holdings, Inc. has a 52 week low of $160.86 and a 52 week high of $398.33. 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. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 earnings per share. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

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 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 Securities & Exchange Commission, which is accessible through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 11,178 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the sale, the chief financial officer now directly owns 286,472 shares of the company’s stock, valued at $85,216,825.84. The disclosure for this sale can be found here. Insiders sold a total of 96,962 shares of company stock valued at $28,774,798 over the last quarter. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Piper Sandler restated an “overweight” rating and set a $290.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, Citigroup dropped their price objective on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.50.

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.