9,937 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by AMJ Financial Wealth Management

AMJ Financial Wealth Management acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 9,937 shares of the company’s stock, valued at approximately $3,808,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CRWD. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $30,000. Family Firm Inc. purchased a new position in shares of CrowdStrike during the second quarter worth about $30,000. Johnson Financial Group Inc. acquired a new stake in shares of CrowdStrike during the fourth quarter worth about $31,000. Northwest Bank & Trust Co purchased a new stake in shares of CrowdStrike in the 4th quarter valued at about $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on CRWD shares. UBS Group lowered their target price on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Wells Fargo & Company dropped their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Morgan Stanley reiterated an “overweight” rating and set a $325.00 target price on shares of CrowdStrike in a research note on Monday. Sanford C. Bernstein dropped their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. Finally, Truist Financial reaffirmed a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $327.16.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the transaction, the insider now owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $382.93, for a total value of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock valued at $48,856,294 in the last ninety days. Insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD traded up $2.80 during mid-day trading on Tuesday, reaching $249.38. 211,797 shares of the company’s stock were exchanged, compared to its average volume of 5,374,345. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week high of $398.33. The company has a market cap of $60.69 billion, a price-to-earnings ratio of 465.25, a PEG ratio of 15.68 and a beta of 1.09. The company has a 50-day simple moving average of $286.77 and a two-hundred day simple moving average of $315.49.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 company 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 business posted $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal 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.