Wealth Advisors of Tampa Bay LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Wealth Advisors of Tampa Bay LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,332 shares of the company’s stock after purchasing an additional 220 shares during the quarter. Wealth Advisors of Tampa Bay LLC’s holdings in CrowdStrike were worth $1,277,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the second quarter worth approximately $30,000. Unique Wealth Strategies LLC bought a new stake in shares of CrowdStrike during the second quarter worth $36,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at $30,000. Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike in the second quarter worth about $38,000. Finally, Future Financial Wealth Managment LLC purchased a new position in CrowdStrike in the 1st quarter worth about $32,000. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. Insiders have sold a total of 45,577 shares of company stock worth $16,330,609 in the last ninety days. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $277.38 on Friday. 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 Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The stock has a 50-day moving average of $267.33 and a 200 day moving average of $312.39. The stock has a market capitalization of $67.50 billion, a price-to-earnings ratio of 523.36, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS 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 firm’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.06 EPS. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CRWD shares. Truist Financial reissued a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price objective on shares of CrowdStrike in a report on Thursday. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Thursday. Mizuho cut their price target on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research note on Wednesday, June 5th. Finally, The Goldman Sachs Group lowered their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus price target of $327.03.

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.