WealthPLAN Partners LLC Makes New $250,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

WealthPLAN Partners LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 652 shares of the company’s stock, valued at approximately $250,000.

Several other large investors have also modified their holdings of the stock. Pathstone Holdings LLC acquired a new position in CrowdStrike in the 4th quarter valued at $450,418,000. Vanguard Group Inc. increased its stake in shares of CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after acquiring an additional 1,028,405 shares during the period. Bank of New York Mellon Corp raised its holdings in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after purchasing an additional 564,662 shares in the last quarter. Acadian Asset Management LLC lifted its position in CrowdStrike by 619.0% in the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after purchasing an additional 477,706 shares during the period. Finally, Frontier Capital Management Co. LLC purchased a new stake in CrowdStrike in the 4th quarter valued at approximately $100,459,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, President Michael Sentonas sold 10,735 shares of the stock in a transaction that occurred on 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 10,735 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value 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 $156,502,114.58. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock valued at $48,306,394 in the last three months. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $268.72 on Wednesday. The company has a market cap of $65.40 billion, a P/E ratio of 507.02, a P/E/G ratio of 16.14 and a beta of 1.09. The firm’s 50 day moving average is $271.34 and its two-hundred day moving average is $312.95. CrowdStrike Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. 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 (NASDAQ:CRWD) last issued its 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 business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the company posted $0.06 EPS. The business’s quarterly revenue was up 31.7% on a year-over-year basis. Analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Cantor Fitzgerald cut their target price on CrowdStrike from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Raymond James cut their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Barclays boosted their price objective on shares of CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a report on Thursday, August 29th. Wedbush reiterated an “outperform” rating and set a $315.00 price target on shares of CrowdStrike in a research report on Friday, August 9th. Finally, Canaccord Genuity Group lowered their price target on CrowdStrike from $340.00 to $330.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $327.16.

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.