Sheaff Brock Investment Advisors LLC Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sheaff Brock Investment Advisors LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.7% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,831 shares of the company’s stock after purchasing an additional 400 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in CrowdStrike were worth $1,074,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRWD. Beacon Financial Advisory LLC acquired a new position in shares of CrowdStrike in the 3rd quarter valued at $955,000. Burney Co. acquired a new position in CrowdStrike in the first quarter valued at about $1,342,000. Doliver Advisors LP increased its position in shares of CrowdStrike by 223.2% during the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after acquiring an additional 4,664 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of CrowdStrike by 10.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in shares of CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after acquiring an additional 2,863 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Down 2.2 %

CrowdStrike stock opened at $336.75 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $198.86 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. The firm has a market capitalization of $82.55 billion, a price-to-earnings ratio of 488.04, a PEG ratio of 23.52 and a beta of 1.10. The firm has a 50-day moving average price of $297.79 and a two-hundred day moving average price of $310.13.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CRWD shares. Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. BNP Paribas assumed coverage on CrowdStrike in a research note on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Jefferies Financial Group lifted their target price on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Robert W. Baird lowered their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, JMP Securities reiterated a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. One investment 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $340.44, for a total value of $1,361,760.00. Following the completion of the sale, the insider now directly owns 120,298 shares in the company, valued at $40,954,251.12. This represents a 3.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 4.14 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Company 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.