CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by 1620 Investment Advisors Inc.

1620 Investment Advisors Inc. raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2,300.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 144 shares of the company’s stock after purchasing an additional 138 shares during the period. 1620 Investment Advisors Inc.’s holdings in CrowdStrike were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valeo Financial Advisors LLC boosted its holdings in CrowdStrike by 2.1% in the first 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 in the last quarter. Norden Group LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $3,736,000. First Trust Direct Indexing L.P. grew its position in shares of CrowdStrike by 10.4% in the 1st quarter. First Trust Direct Indexing L.P. now owns 3,182 shares of the company’s stock valued at $1,020,000 after buying an additional 300 shares during the last quarter. Ashton Thomas Private Wealth LLC raised its stake in CrowdStrike by 1.1% during the 1st quarter. Ashton Thomas Private Wealth LLC now owns 11,322 shares of the company’s stock worth $3,630,000 after acquiring an additional 120 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in CrowdStrike by 350.8% in the first quarter. Van ECK Associates Corp now owns 12,087 shares of the company’s stock valued at $3,875,000 after acquiring an additional 9,406 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Down 1.1 %

Shares of NASDAQ CRWD opened at $307.45 on Thursday. The stock has a fifty day moving average price of $283.63 and a 200 day moving average price of $307.82. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 12-month low of $172.58 and a 12-month high of $398.33. The company has a market cap of $75.36 billion, a P/E ratio of 580.09, a P/E/G ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (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 analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 earnings per share. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the firm’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 owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Robert W. Baird reduced their price objective on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. DA Davidson restated a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. Wedbush set a $330.00 price target on shares of CrowdStrike in a research report on Thursday, October 17th. Finally, Sanford C. Bernstein lowered their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $328.74.

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.