Benedict Financial Advisors Inc. Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Benedict Financial Advisors Inc. grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 502.6% during the third quarter, Holdings Channel reports. The institutional investor owned 5,640 shares of the company’s stock after buying an additional 4,704 shares during the period. Benedict Financial Advisors Inc.’s holdings in CrowdStrike were worth $1,582,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CRWD. PFG Investments LLC grew its holdings in CrowdStrike by 51.1% during the 3rd quarter. PFG Investments LLC now owns 4,940 shares of the company’s stock valued at $1,386,000 after buying an additional 1,670 shares in the last quarter. Masso Torrence Wealth Management Inc. increased its stake in CrowdStrike by 28.8% during the third quarter. Masso Torrence Wealth Management Inc. now owns 1,389 shares of the company’s stock worth $390,000 after acquiring an additional 311 shares during the last quarter. Forsta AP Fonden raised its holdings in CrowdStrike by 10.2% during the 3rd quarter. Forsta AP Fonden now owns 59,600 shares of the company’s stock valued at $16,716,000 after buying an additional 5,500 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of CrowdStrike by 89.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 140,474 shares of the company’s stock valued at $40,155,000 after acquiring an additional 66,236 shares during the period. Finally, Parcion Private Wealth LLC lifted its stake in shares of CrowdStrike by 99.1% during the 3rd quarter. Parcion Private Wealth LLC now owns 1,746 shares of the company’s stock worth $490,000 after acquiring an additional 869 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CRWD shares. Rosenblatt Securities reissued a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. BNP Paribas initiated coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price for the company. Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $380.00 to $275.00 in a report on Thursday, July 18th. BTIG Research cut CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $310.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Performance

CrowdStrike stock traded down $3.85 during midday trading on Friday, hitting $300.62. The company’s stock had a trading volume of 6,045,774 shares, compared to its average volume of 5,156,198. The company has a 50-day moving average price of $281.37 and a two-hundred day moving average price of $307.98. The company has a market cap of $73.16 billion, a price-to-earnings ratio of 567.21, a PEG ratio of 19.94 and a beta of 1.10. 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 Holdings, Inc. has a 1-year low of $170.17 and a 1-year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the business posted $0.06 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. As a group, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insider Activity at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction 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 transaction, the director now directly owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock worth $30,529,413 over the last quarter. Company insiders own 4.34% of the company’s stock.

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.