SeaCrest Wealth Management LLC Lowers Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SeaCrest Wealth Management LLC cut its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 31.8% in the 3rd quarter, Holdings Channel reports. The fund owned 3,952 shares of the company’s stock after selling 1,845 shares during the quarter. SeaCrest Wealth Management LLC’s holdings in CrowdStrike were worth $1,108,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the 2nd quarter valued at $25,000. Family Firm Inc. bought a new stake in CrowdStrike in the second quarter worth $30,000. Itau Unibanco Holding S.A. purchased a new stake in CrowdStrike during the second quarter valued at about $33,000. Unique Wealth Strategies LLC bought a new position in shares of CrowdStrike during the second quarter valued at about $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at about $30,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Up 1.3 %

NASDAQ:CRWD opened at $306.24 on Thursday. CrowdStrike Holdings, Inc. has a 52 week low of $170.17 and a 52 week high of $398.33. The stock has a market cap of $74.53 billion, a price-to-earnings ratio of 577.81, a PEG ratio of 19.94 and a beta of 1.10. The company’s 50 day moving average price is $273.47 and its 200-day moving average price is $308.41. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 EPS. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on CRWD shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $325.00 price target on shares of CrowdStrike in a research note on Monday, September 9th. The Goldman Sachs Group lowered their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. BMO Capital Markets raised their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. Finally, HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and raised their target price for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $325.44.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the completion of the sale, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. 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 available through this link. In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares of the company’s stock, valued at $263,277,391.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on 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 completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 103,212 shares of company stock worth $30,529,413. Company 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.