Soltis Investment Advisors LLC Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Soltis Investment Advisors LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,167 shares of the company’s stock after acquiring an additional 63 shares during the quarter. Soltis Investment Advisors LLC’s holdings in CrowdStrike were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CRWD. Norges Bank purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $683,336,000. Pathstone Holdings LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $450,418,000. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares during the period. Vanguard Group Inc. increased its holdings 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 acquiring an additional 1,028,405 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of CrowdStrike by 22,542.6% in the 4th quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after acquiring an additional 731,057 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the sale, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,643 shares of company stock valued at $54,992,604. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 2.8 %

Shares of CRWD stock traded down $6.33 during trading hours on Friday, hitting $217.89. 8,978,108 shares of the company were exchanged, compared to its average volume of 12,662,070. The firm has a market cap of $53.03 billion, a PE ratio of 411.12, a PEG ratio of 11.79 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1 year low of $140.52 and a 1 year high of $398.33. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a fifty day moving average of $342.74 and a 200 day moving average of $324.32.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Analysts expect that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on CRWD shares. Jefferies Financial Group cut their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday. Evercore ISI dropped their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and dropped their price objective for the company from $388.00 to $302.00 in a research note on Tuesday, July 23rd. BMO Capital Markets lowered their price target on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Finally, JPMorgan Chase & Co. lowered their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $351.76.

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.