1,061 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by Paces Ferry Wealth Advisors LLC

Paces Ferry Wealth Advisors LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,061 shares of the company’s stock, valued at approximately $407,000.

A number of other large investors also recently bought and sold shares of CRWD. Burney Co. acquired a new stake in shares of CrowdStrike during the 1st quarter worth $1,342,000. Principal Financial Group Inc. raised its holdings in shares of CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after purchasing an additional 242,052 shares during the period. BNP Paribas acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $2,685,000. Swedbank AB acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $73,972,000. Finally, Coldstream Capital Management Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth about $508,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on CRWD. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Raymond James reduced their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Cantor Fitzgerald lowered their price target on CrowdStrike from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Thursday, August 29th. Wells Fargo & Company reduced their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Finally, TD Cowen lowered their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $327.16.

CrowdStrike Trading Down 0.6 %

CrowdStrike stock opened at $267.12 on Thursday. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week high of $398.33. 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 has a market capitalization of $65.01 billion, a price-to-earnings ratio of 504.00, a PEG ratio of 16.14 and a beta of 1.09. The firm has a 50-day moving average price of $269.19 and a two-hundred day moving average price of $312.63.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the transaction, the chief executive officer now owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,306,394 over the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

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.