American Financial Advisors LLC Acquires 77 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

American Financial Advisors LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 780 shares of the company’s stock after acquiring an additional 77 shares during the period. American Financial Advisors LLC’s holdings in CrowdStrike were worth $219,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter worth about $25,000. Family Firm Inc. purchased a new position in shares of CrowdStrike during the second quarter worth about $30,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike in the second quarter worth approximately $33,000. Unique Wealth Strategies LLC purchased a new stake in CrowdStrike in the second quarter valued at approximately $36,000. Finally, Hobbs Group Advisors LLC bought a new stake in CrowdStrike during the second quarter valued at approximately $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the 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 directly owns 179,091 shares in the company, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,683 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 $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock valued at $30,529,413 over the last 90 days. 4.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRWD shares. Wedbush set a $330.00 target price on shares of CrowdStrike in a research report on Thursday, October 17th. DA Davidson reiterated a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday, September 18th. Robert W. Baird dropped their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Thursday, September 19th. Finally, HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and lifted their price target for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Stock Performance

Shares of CRWD traded up $9.93 during trading hours on Tuesday, hitting $311.25. The stock had a trading volume of 1,506,405 shares, compared to its average volume of 5,130,718. The firm has a market capitalization of $76.30 billion, a price-to-earnings ratio of 579.87, a PEG ratio of 19.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a 50-day moving average price of $282.06 and a 200 day moving average price of $307.81. CrowdStrike Holdings, Inc. has a fifty-two week low of $171.68 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

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.