Regal Investment Advisors LLC Has $1.21 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Regal Investment Advisors LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,156 shares of the company’s stock after acquiring an additional 122 shares during the quarter. Regal Investment Advisors LLC’s holdings in CrowdStrike were worth $1,209,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Arlington Financial Advisors LLC increased its stake in shares of CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after acquiring an additional 30 shares during the last quarter. Saturna Capital Corp increased its position in CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after buying an additional 33 shares during the last quarter. Means Investment CO. Inc. increased its position in CrowdStrike by 1.8% during the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after buying an additional 35 shares during the last quarter. Albion Financial Group UT increased its position in CrowdStrike by 3.7% during the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after buying an additional 39 shares during the last quarter. Finally, Quotient Wealth Partners LLC increased its position in CrowdStrike by 5.0% during the second quarter. Quotient Wealth Partners LLC now owns 896 shares of the company’s stock worth $343,000 after buying an additional 43 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

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

Analyst Upgrades and Downgrades

Several research firms have commented on CRWD. Wells Fargo & Company lowered their target price on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. FBN Securities raised shares of CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. The Goldman Sachs Group lowered their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. Barclays increased their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Finally, Stifel Nicolaus decreased their price target on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. One investment 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $326.50.

CrowdStrike Stock Down 1.9 %

Shares of CRWD opened at $280.47 on Tuesday. The stock has a market cap of $68.26 billion, a price-to-earnings ratio of 529.19, a P/E/G ratio of 19.60 and a beta of 1.09. The company has a 50-day moving average price of $259.96 and a two-hundred day moving average price of $310.56. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 12 month low of $160.86 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted 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 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 last year, the business posted $0.06 earnings per share. Equities analysts predict that CrowdStrike Holdings, Inc. will post 0.53 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.