Philip James Wealth Mangement LLC Purchases 129 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Philip James Wealth Mangement LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.6% in the third quarter, Holdings Channel.com reports. The firm owned 2,079 shares of the company’s stock after purchasing an additional 129 shares during the quarter. Philip James Wealth Mangement LLC’s holdings in CrowdStrike were worth $583,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC bought a new position in CrowdStrike in the 2nd quarter valued at approximately $25,000. Family Firm Inc. acquired a new position in CrowdStrike in the 2nd quarter valued at approximately $30,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike during the second quarter valued at $33,000. Unique Wealth Strategies LLC acquired a new position in shares of CrowdStrike during the second quarter worth $36,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of CrowdStrike in the second quarter worth $38,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRWD. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. TD Cowen lowered their price objective on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. JPMorgan Chase & Co. reduced their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Wedbush set a $330.00 price target on shares of CrowdStrike in a report on Thursday, October 17th. Finally, Citigroup reduced their price objective on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $328.74.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the sale, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the sale, the insider now directly owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is owned by company insiders.

CrowdStrike Stock Down 1.0 %

NASDAQ:CRWD traded down $3.16 on Friday, hitting $327.62. The stock had a trading volume of 535,701 shares, compared to its average volume of 5,049,419. CrowdStrike Holdings, Inc. has a 1 year low of $189.12 and a 1 year high of $398.33. The firm’s fifty day simple moving average is $287.38 and its two-hundred day simple moving average is $308.22. The stock has a market cap of $80.31 billion, a P/E ratio of 479.39, a price-to-earnings-growth ratio of 20.21 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.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data 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 analysts’ expectations of $958.27 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. Analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

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.