HWG Holdings LP Acquires New Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

HWG Holdings LP acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,712 shares of the company’s stock, valued at approximately $2,955,000. CrowdStrike comprises 1.1% of HWG Holdings LP’s holdings, making the stock its 22nd biggest position.

Other large investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter valued at approximately $25,000. Family Firm Inc. acquired a new stake in CrowdStrike during the 2nd quarter valued at approximately $30,000. Itau Unibanco Holding S.A. acquired a new stake in CrowdStrike during the 2nd quarter valued at approximately $33,000. Unique Wealth Strategies LLC acquired a new stake in CrowdStrike during the 2nd quarter valued at approximately $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the 1st quarter valued at approximately $30,000. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 10,776 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. The disclosure for this sale can be found here. Insiders sold 96,962 shares of company stock valued at $28,774,798 in the last quarter. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Up 1.6 %

Shares of CrowdStrike stock opened at $285.86 on Monday. CrowdStrike Holdings, Inc. has a 52-week low of $160.86 and a 52-week high of $398.33. The stock’s 50-day simple moving average is $259.63 and its 200 day simple moving average is $310.90. The stock has a market capitalization of $69.57 billion, a P/E ratio of 539.36, a P/E/G ratio of 19.60 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the previous year, the business posted $0.06 EPS. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CRWD shares. Scotiabank decreased their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. KeyCorp increased their target price on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Monday, September 23rd. Sanford C. Bernstein decreased their target price on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and raised their price objective for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have issued 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 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.