Strategic Investment Solutions Inc. IL Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Strategic Investment Solutions Inc. IL lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 414.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 514 shares of the company’s stock after purchasing an additional 414 shares during the period. Strategic Investment Solutions Inc. IL’s holdings in CrowdStrike were worth $144,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike during the second quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike during the third quarter worth about $28,000. Tsfg LLC boosted its holdings in shares of CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike in the first quarter worth about $30,000. Finally, Family Firm Inc. purchased a new stake in CrowdStrike in the second quarter worth about $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on CRWD shares. KeyCorp raised their price objective on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Wedbush set a $330.00 target price on shares of CrowdStrike in a research note on Thursday, October 17th. Stifel Nicolaus decreased their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, August 9th. TD Cowen decreased their target price on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Finally, Sanford C. Bernstein decreased their target price on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $328.74.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of CrowdStrike 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 transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares in the company, valued at $38,455,315.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 103,212 shares of company stock valued at $30,529,413. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Up 1.8 %

CrowdStrike stock traded up $5.34 during mid-day trading on Friday, hitting $309.81. 471,608 shares of the company’s stock were exchanged, compared to its average volume of 5,129,347. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market cap of $75.40 billion, a P/E ratio of 574.47, a P/E/G ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1-year low of $170.17 and a 1-year high of $398.33. The stock has a 50 day moving average of $279.73 and a two-hundred day moving average of $308.09.

CrowdStrike (NASDAQ:CRWD) last released its quarterly 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 company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the company earned $0.06 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

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.