Greater Midwest Financial Group LLC Buys Shares of 6,876 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Greater Midwest Financial Group LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,876 shares of the company’s stock, valued at approximately $1,929,000. CrowdStrike comprises 1.1% of Greater Midwest Financial Group LLC’s portfolio, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the 2nd quarter worth $25,000. Tsfg LLC boosted its stake in CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after purchasing an additional 89 shares during the period. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the 1st quarter valued at approximately $30,000. Family Firm Inc. bought a new position in CrowdStrike in the 2nd quarter worth approximately $30,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of CrowdStrike during the first quarter worth approximately $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 0.4 %

CRWD traded up $1.30 during midday trading on Thursday, reaching $307.54. 311,445 shares of the company were exchanged, compared to its average volume of 5,199,022. 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 stock has a market capitalization of $74.84 billion, a P/E ratio of 577.81, a PEG ratio of 19.94 and a beta of 1.10. The stock’s 50-day simple moving average is $273.47 and its 200 day simple moving average is $308.41. CrowdStrike Holdings, Inc. has a one year low of $170.17 and a one year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.06 earnings per share. As a group, analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,212 shares of company stock valued at $30,529,413. 4.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Wedbush restated an “outperform” rating and issued a $315.00 target price on shares of CrowdStrike in a research note on Friday, August 9th. Finally, The Goldman Sachs Group decreased their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $325.44.

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.