Diversify Wealth Management LLC Takes $2.41 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Diversify Wealth Management LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,050 shares of the company’s stock, valued at approximately $2,409,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Diversified Trust Co raised its stake in shares of CrowdStrike by 12.3% in the 1st quarter. Diversified Trust Co now owns 3,863 shares of the company’s stock valued at $1,238,000 after acquiring an additional 422 shares in the last quarter. Miracle Mile Advisors LLC lifted its stake in CrowdStrike by 45.5% during the first quarter. Miracle Mile Advisors LLC now owns 1,500 shares of the company’s stock worth $481,000 after purchasing an additional 469 shares during the period. Valeo Financial Advisors LLC grew its stake in shares of CrowdStrike by 2.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 3,367 shares of the company’s stock valued at $1,080,000 after purchasing an additional 68 shares during the period. Albion Financial Group UT lifted its position in shares of CrowdStrike by 3.7% during the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after buying an additional 39 shares during the period. Finally, Norden Group LLC bought a new stake in shares of CrowdStrike in the 1st quarter worth about $3,736,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on CRWD. BNP Paribas began coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price on the stock. Jefferies Financial Group upped their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Guggenheim cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. JMP Securities reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of CrowdStrike in a report on Tuesday, September 24th. Finally, Truist Financial reaffirmed a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a research note on Wednesday, August 28th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Trading Down 0.2 %

NASDAQ CRWD traded down $0.58 on Wednesday, reaching $310.36. The company had a trading volume of 895,590 shares, compared to its average volume of 5,119,829. The firm has a market cap of $76.08 billion, a price-to-earnings ratio of 593.26, a P/E/G ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a fifty-two week low of $172.58 and a fifty-two week high of $398.33. The business has a 50 day moving average of $282.95 and a two-hundred day moving average of $307.82. 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 (NASDAQ:CRWD) last announced its 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. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the firm earned $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated 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 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 position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is currently owned by company insiders.

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.