Heritage Oak Wealth Advisors LLC Makes New $631,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Heritage Oak Wealth Advisors LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,251 shares of the company’s stock, valued at approximately $631,000.

A number of other hedge funds have also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike in the third quarter worth $28,000. Tsfg LLC boosted its position 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 acquiring an additional 89 shares during the last quarter. Trivant Custom Portfolio Group LLC purchased a new position in CrowdStrike during the first quarter valued at $30,000. Finally, Family Firm Inc. bought a new stake in CrowdStrike in the 2nd quarter valued at $30,000. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Royal Bank of Canada reduced their price objective on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Stifel Nicolaus decreased their price objective on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, August 9th. The Goldman Sachs Group cut their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research note on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

NASDAQ CRWD opened at $304.47 on Friday. The company has a market cap of $74.10 billion, a PE ratio of 574.47, a P/E/G ratio of 19.94 and a beta of 1.10. The firm’s 50 day moving average price is $279.73 and its 200-day moving average price is $308.09. 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 52-week low of $170.17 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.06 EPS. Sell-side analysts forecast 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.