J.W. Cole Advisors Inc. Buys 1,928 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

J.W. Cole Advisors Inc. boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 38.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,949 shares of the company’s stock after buying an additional 1,928 shares during the period. J.W. Cole Advisors Inc.’s holdings in CrowdStrike were worth $2,228,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Hartline Investment Corp purchased a new stake in CrowdStrike during the 1st quarter valued at $367,000. Norden Group LLC purchased a new stake in CrowdStrike in the first quarter worth $310,000. Van ECK Associates Corp increased its stake in CrowdStrike by 350.8% in the first quarter. Van ECK Associates Corp now owns 12,087 shares of the company’s stock worth $3,875,000 after purchasing an additional 9,406 shares during the period. HB Wealth Management LLC increased its stake in CrowdStrike by 40.2% in the first quarter. HB Wealth Management LLC now owns 3,409 shares of the company’s stock worth $1,093,000 after purchasing an additional 977 shares during the period. Finally, Warther Private Wealth LLC increased its stake in CrowdStrike by 73.5% in the first quarter. Warther Private Wealth LLC now owns 2,360 shares of the company’s stock worth $757,000 after purchasing an additional 1,000 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on CRWD shares. Wedbush reduced their target price on CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. JPMorgan Chase & Co. increased their target price on CrowdStrike from $371.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 29th. KeyCorp increased their target price on CrowdStrike from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Tuesday. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Finally, Oppenheimer increased their price target on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Two analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $382.35.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $308.79, for a total transaction of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at approximately $64,525,067.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, the director now directly owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock valued at $76,681,402 in the last three months. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $2.50 during trading hours on Friday, reaching $389.68. The stock had a trading volume of 1,906,963 shares, compared to its average volume of 4,136,570. The firm has a market cap of $94.83 billion, a price-to-earnings ratio of 735.72, a PEG ratio of 19.51 and a beta of 1.10. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike Holdings, Inc. has a fifty-two week low of $139.37 and a fifty-two week high of $394.64. The firm has a 50-day moving average of $348.89 and a 200-day moving average of $317.21.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

About CrowdStrike

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.