CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Pinnacle Wealth Management LLC

Pinnacle Wealth Management LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 5,820 shares of the company’s stock after acquiring an additional 53 shares during the period. CrowdStrike accounts for about 2.8% of Pinnacle Wealth Management LLC’s portfolio, making the stock its 16th largest position. Pinnacle Wealth Management LLC’s holdings in CrowdStrike were worth $2,230,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CRWD. GAMMA Investing LLC acquired a new position in CrowdStrike in the 4th quarter valued at about $61,000. Yousif Capital Management LLC boosted its holdings in CrowdStrike by 3.0% in the 4th quarter. Yousif Capital Management LLC now owns 2,539 shares of the company’s stock valued at $648,000 after purchasing an additional 73 shares during the last quarter. Silver Oak Securities Incorporated boosted its holdings in CrowdStrike by 404.3% in the 4th quarter. Silver Oak Securities Incorporated now owns 827 shares of the company’s stock valued at $211,000 after purchasing an additional 663 shares during the last quarter. Choreo LLC boosted its holdings in CrowdStrike by 11.0% in the 4th quarter. Choreo LLC now owns 1,726 shares of the company’s stock valued at $441,000 after purchasing an additional 171 shares during the last quarter. Finally, Mission Wealth Management LP acquired a new position in CrowdStrike in the 4th quarter valued at about $545,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $5.61 during trading hours on Friday, reaching $277.28. 6,616,984 shares of the company’s stock were exchanged, compared to its average volume of 5,438,020. CrowdStrike Holdings, Inc. has a 1-year low of $145.38 and a 1-year high of $398.33. The firm has a market capitalization of $67.48 billion, a price-to-earnings ratio of 523.17, a P/E/G ratio of 11.79 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $303.94 and a 200 day moving average of $318.50.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter last year, the business earned $0.06 EPS. The business’s revenue was up 31.7% on a year-over-year basis. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’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 completion of the sale, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,219 shares of company stock worth $48,856,294. Company insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CRWD. Scotiabank decreased their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Thursday. DA Davidson upped their price objective on shares of CrowdStrike from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday. BMO Capital Markets upped their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday. Finally, Needham & Company LLC decreased their price objective on shares of CrowdStrike from $375.00 to $350.00 and set a “buy” rating on the stock in a report on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $326.15.

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.