Prospect Financial Services LLC Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Prospect Financial Services LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 22.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,976 shares of the company’s stock after purchasing an additional 357 shares during the quarter. Prospect Financial Services LLC’s holdings in CrowdStrike were worth $554,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike during the 2nd quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike in the first quarter worth $30,000. Family Firm Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter valued at $30,000. Future Financial Wealth Managment LLC acquired a new position in shares of CrowdStrike during the 1st quarter valued at $32,000. Finally, MCF Advisors LLC purchased a new stake in CrowdStrike during the 1st quarter worth $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now owns 821,766 shares of the company’s stock, valued at approximately $263,277,391.08. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 99,212 shares of company stock valued at $29,291,893 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

Shares of CRWD opened at $302.31 on Wednesday. The firm has a fifty day moving average of $271.96 and a 200-day moving average of $308.43. The company has a market cap of $73.57 billion, a price-to-earnings ratio of 570.40, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 1 year low of $170.17 and a 1 year high of $398.33.

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. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the business posted $0.06 EPS. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on CRWD shares. Deutsche Bank Aktiengesellschaft cut their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Wedbush reissued an “outperform” rating and set a $315.00 price target on shares of CrowdStrike in a research report on Friday, August 9th. Argus lowered their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. 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. Finally, Barclays upped their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.44.

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.