Kovack Advisors Inc. Has $2.37 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kovack Advisors Inc. cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,395 shares of the company’s stock after selling 924 shares during the period. Kovack Advisors Inc.’s holdings in CrowdStrike were worth $2,371,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CRWD. Morgan Stanley increased its stake in shares of CrowdStrike by 124.4% in the third quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after buying an additional 2,757,251 shares during the period. Norges Bank acquired a new position in shares of CrowdStrike during the fourth quarter worth $683,336,000. Pathstone Holdings LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth $450,418,000. Jennison Associates LLC raised its position in CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock worth $1,618,938,000 after purchasing an additional 1,581,796 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of CrowdStrike by 7.0% in the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $2.13 during trading hours on Thursday, reaching $387.18. The stock had a trading volume of 1,456,774 shares, compared to its average volume of 8,017,384. The stock has a market cap of $94.22 billion, a P/E ratio of 730.54, a price-to-earnings-growth ratio of 19.41 and a beta of 1.10. The stock has a 50 day simple moving average of $345.31 and a 200 day simple moving average of $316.23. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike Holdings, Inc. has a 12-month low of $139.37 and a 12-month high of $394.64.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on CRWD shares. Jefferies Financial Group upped their target price on CrowdStrike from $375.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. TD Cowen increased their price objective on shares of CrowdStrike from $340.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, March 6th. Guggenheim restated a “buy” rating and issued a $424.00 target price on shares of CrowdStrike in a report on Tuesday, June 25th. Truist Financial increased their price target on CrowdStrike from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Finally, BMO Capital Markets dropped their price objective on CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Two investment analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $382.35.

Insider Activity at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly 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 can be accessed through this link. In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $380.21, for a total value of $5,703,150.00. Following the sale, the director now owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 219,675 shares of company stock worth $76,681,402. 4.34% of the stock is owned by corporate insiders.

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.