B. Riley Wealth Advisors Inc. Sells 6,453 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

B. Riley Wealth Advisors Inc. lessened its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 37.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,571 shares of the company’s stock after selling 6,453 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in CrowdStrike were worth $2,977,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Beacon Financial Advisory LLC purchased a new stake in shares of CrowdStrike in the third quarter worth $955,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of CrowdStrike by 10.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock worth $237,331,000 after buying an additional 78,305 shares in the last quarter. Doliver Advisors LP raised its position in shares of CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after buying an additional 4,664 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after buying an additional 2,863 shares in the last quarter. Finally, Hemenway Trust Co LLC raised its position in shares of CrowdStrike by 356.8% in the third quarter. Hemenway Trust Co LLC now owns 6,852 shares of the company’s stock worth $1,922,000 after buying an additional 5,352 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

CrowdStrike stock opened at $368.02 on Monday. The stock’s 50 day simple moving average is $330.62 and its two-hundred day simple moving average is $313.70. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock has a market cap of $90.65 billion, a price-to-earnings ratio of 721.61, a PEG ratio of 19.48 and a beta of 1.11. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $398.33.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 4.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value 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 approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 139,998 shares of company stock valued at $43,943,100. 4.34% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

CRWD has been the topic of a number of recent analyst reports. BMO Capital Markets increased their price objective on CrowdStrike from $315.00 to $380.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Royal Bank of Canada lowered their price target on CrowdStrike from $370.00 to $365.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. Rosenblatt Securities raised their price target on CrowdStrike from $325.00 to $385.00 and gave the company a “buy” rating in a research report on Monday, November 25th. Barclays raised their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research report on Monday, November 18th. Finally, Needham & Company LLC raised their price target on CrowdStrike from $360.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, thirty have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $355.80.

About CrowdStrike

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.