CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Anchor Investment Management LLC

Anchor Investment Management LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 130.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230 shares of the company’s stock after purchasing an additional 130 shares during the period. Anchor Investment Management LLC’s holdings in CrowdStrike were worth $88,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the second quarter valued at $25,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth about $30,000. Family Firm Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter valued at about $30,000. Northwest Bank & Trust Co purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction 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 approximately $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,178 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was 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 owns 286,472 shares in the company, valued at approximately $85,216,825.84. This trade represents a 0.00 % decrease in their position. 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 three months. 4.34% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on CRWD. Piper Sandler reiterated an “overweight” rating and issued a $290.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and cut their price target for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Argus reduced their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, Robert W. Baird reduced their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One investment 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $326.50.

CrowdStrike Price Performance

CrowdStrike stock opened at $292.24 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm’s 50-day simple moving average is $261.84 and its 200 day simple moving average is $309.68. CrowdStrike Holdings, Inc. has a 52 week low of $160.92 and a 52 week high of $398.33. The firm has a market capitalization of $71.12 billion, a PE ratio of 551.40, a P/E/G ratio of 19.60 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period in the prior year, the business earned $0.06 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities research 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.