CoreCap Advisors LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CoreCap Advisors LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, Holdings Channel.com reports. The fund bought 2,833 shares of the company’s stock, valued at approximately $1,086,000.

A number of other hedge funds have also added to or reduced their stakes in CRWD. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the 1st quarter worth approximately $30,000. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the 2nd quarter worth approximately $30,000. Johnson Financial Group Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter worth approximately $31,000. Northwest Bank & Trust Co purchased a new stake in shares of CrowdStrike in the 4th quarter worth approximately $32,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CrowdStrike in the 1st quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

CRWD opened at $259.13 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $63.06 billion, a price-to-earnings ratio of 488.92, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week high of $398.33. The firm’s fifty day simple moving average is $276.14 and its two-hundred day simple moving average is $313.78.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same period last year, the firm posted $0.06 earnings per share. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’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 of the company’s stock, valued at $46,563,660. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, 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. Over the last three months, insiders have sold 130,219 shares of company stock valued at $48,856,294. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. BTIG Research cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. The Goldman Sachs Group decreased their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Needham & Company LLC reissued a “buy” rating and set a $350.00 target price on shares of CrowdStrike in a research report on Friday, September 6th. Finally, BMO Capital Markets increased their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $327.16.

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.