CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Position Boosted by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,058 shares of the company’s stock after purchasing an additional 357 shares during the quarter. Miracle Mile Advisors LLC’s holdings in CrowdStrike were worth $577,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Burney Co. acquired a new stake in shares of CrowdStrike during the 1st quarter valued at $1,342,000. Doliver Advisors LP raised its holdings in shares of CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after acquiring an additional 4,664 shares in the last quarter. HWG Holdings LP acquired a new stake in CrowdStrike during the second quarter valued at $2,955,000. Principal Financial Group Inc. grew its stake in CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after purchasing an additional 242,052 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. increased its position in CrowdStrike by 24.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock worth $3,855,000 after purchasing an additional 1,966 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 96,962 shares of company stock valued at $28,774,798. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 2.1 %

Shares of CRWD stock opened at $293.01 on Wednesday. The firm has a fifty day moving average of $262.40 and a 200-day moving average of $309.18. The stock has a market cap of $71.31 billion, a price-to-earnings ratio of 552.85, a P/E/G ratio of 19.60 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52-week low of $170.17 and a 52-week high of $398.33. 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 posted its quarterly earnings results 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. The firm 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%. During the same quarter in the prior year, the business posted $0.06 earnings per share. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on CRWD shares. Argus lowered their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. Sanford C. Bernstein dropped their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Raymond James reduced their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $325.44.

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.