561 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Bought by Invst LLC

Invst LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 561 shares of the company’s stock, valued at approximately $220,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in CrowdStrike by 4.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 84,725 shares of the company’s stock worth $32,465,000 after purchasing an additional 3,880 shares during the last quarter. Silver Lake Advisory LLC purchased a new position in CrowdStrike during the second quarter worth $231,000. Nemes Rush Group LLC increased its position in CrowdStrike by 3.3% during the second quarter. Nemes Rush Group LLC now owns 6,950 shares of the company’s stock worth $2,663,000 after buying an additional 224 shares in the last quarter. Copperwynd Financial LLC increased its position in CrowdStrike by 24.6% during the second quarter. Copperwynd Financial LLC now owns 8,423 shares of the company’s stock worth $3,228,000 after buying an additional 1,663 shares in the last quarter. Finally, Creative Planning increased its position in CrowdStrike by 5.0% during the second quarter. Creative Planning now owns 158,740 shares of the company’s stock worth $60,828,000 after buying an additional 7,543 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. FBN Securities raised CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and raised their price target for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. Susquehanna reissued a “positive” rating and set a $310.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. BMO Capital Markets lifted their price objective on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Argus lowered their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. One investment 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 company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.50.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,683 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 $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of the company’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 transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $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 three months. 4.34% of the stock is owned by insiders.

CrowdStrike Trading Down 1.9 %

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

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the firm posted $0.06 earnings per share. The firm’s quarterly revenue was up 31.7% on a year-over-year basis. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

CrowdStrike 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.