Mutual Advisors LLC Raises Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mutual Advisors LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,444 shares of the company’s stock after purchasing an additional 359 shares during the quarter. Mutual Advisors LLC’s holdings in CrowdStrike were worth $1,353,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the second quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the 3rd quarter valued at $28,000. Tsfg LLC grew its holdings in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the 2nd quarter worth about $30,000. Finally, Castleview Partners LLC purchased a new stake in CrowdStrike in the 3rd quarter valued at about $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CRWD stock opened at $303.13 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $74.31 billion, a P/E ratio of 439.32, a PEG ratio of 20.79 and a beta of 1.10. The business has a 50 day simple moving average of $284.85 and a 200-day simple moving average of $307.77. CrowdStrike Holdings, Inc. has a twelve month low of $178.35 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.06 EPS. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRWD shares. DA Davidson reaffirmed a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research note on Wednesday, September 18th. Citigroup dropped their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Robert W. Baird decreased their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. TD Cowen cut their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, Guggenheim cut CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $328.74.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of CrowdStrike 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 transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock valued at $30,529,413 in the last ninety days. Insiders own 4.34% of the company’s stock.

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.