Plan Group Financial LLC Buys New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Plan Group Financial LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 786 shares of the company’s stock, valued at approximately $220,000.

Several other institutional investors have also modified their holdings of the business. Macroview Investment Management LLC grew its stake in shares of CrowdStrike by 30.6% in the third quarter. Macroview Investment Management LLC now owns 320 shares of the company’s stock worth $90,000 after acquiring an additional 75 shares in the last quarter. Private Advisor Group LLC raised its holdings in shares of CrowdStrike by 51.2% in the third quarter. Private Advisor Group LLC now owns 49,296 shares of the company’s stock valued at $13,826,000 after buying an additional 16,685 shares during the last quarter. Symphony Financial Ltd. Co. raised its holdings in shares of CrowdStrike by 3.7% in the third quarter. Symphony Financial Ltd. Co. now owns 1,323 shares of the company’s stock valued at $378,000 after buying an additional 47 shares during the last quarter. Blodgett Wealth Advisors LLC lifted its position in CrowdStrike by 17.7% in the third quarter. Blodgett Wealth Advisors LLC now owns 4,252 shares of the company’s stock valued at $1,193,000 after purchasing an additional 640 shares during the period. Finally, Eastern Bank acquired a new stake in CrowdStrike in the third quarter valued at about $337,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the sale, the insider now directly owns 124,298 shares in the company, valued at $38,455,315.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the completion of the sale, the director now owns 821,766 shares in the company, valued at $263,277,391.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock worth $30,529,413 in the last ninety days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 0.6 %

CrowdStrike stock opened at $306.63 on Wednesday. The firm has a 50-day moving average price of $278.86 and a two-hundred day moving average price of $308.15. The firm has a market capitalization of $74.62 billion, a price-to-earnings ratio of 582.09, a PEG ratio of 19.94 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 quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company 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%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 EPS. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on CRWD shares. Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Stifel Nicolaus decreased their price target on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Argus decreased their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Royal Bank of Canada decreased their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Jefferies Financial Group lifted their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

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.