IRON Financial LLC Invests $778,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

IRON Financial LLC purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,774 shares of the company’s stock, valued at approximately $778,000.

A number of other institutional investors have also recently added to or reduced their stakes in CRWD. Valeo Financial Advisors LLC boosted its holdings in CrowdStrike by 2.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 3,367 shares of the company’s stock valued at $1,080,000 after purchasing an additional 68 shares during the last quarter. Norden Group LLC acquired a new position in CrowdStrike in the first quarter valued at approximately $3,736,000. First Trust Direct Indexing L.P. grew its position in CrowdStrike by 10.4% in the first quarter. First Trust Direct Indexing L.P. now owns 3,182 shares of the company’s stock worth $1,020,000 after acquiring an additional 300 shares during the period. Ashton Thomas Private Wealth LLC increased its stake in CrowdStrike by 1.1% during the first quarter. Ashton Thomas Private Wealth LLC now owns 11,322 shares of the company’s stock worth $3,630,000 after acquiring an additional 120 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in CrowdStrike by 350.8% in the 1st quarter. Van ECK Associates Corp now owns 12,087 shares of the company’s stock valued at $3,875,000 after buying an additional 9,406 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, 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 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock worth $30,529,413 over the last three months. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Performance

CrowdStrike stock traded down $11.05 during trading hours on Thursday, reaching $296.40. 1,307,875 shares of the stock were exchanged, compared to its average volume of 5,107,393. CrowdStrike Holdings, Inc. has a 52-week low of $172.58 and a 52-week high of $398.33. The stock has a market cap of $72.66 billion, a P/E ratio of 568.32, a P/E/G ratio of 19.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm’s 50 day moving average is $283.63 and its 200 day moving average is $307.82.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm 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 posted $0.06 earnings per share. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. Analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CRWD shares. Susquehanna restated a “positive” rating and set a $310.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. BNP Paribas started coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price for the company. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Tuesday, September 24th. Evercore ISI reduced their price target on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Finally, Piper Sandler restated an “overweight” rating and issued a $290.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

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.