Tyche Wealth Partners LLC Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tyche Wealth Partners LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 106.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,438 shares of the company’s stock after acquiring an additional 1,772 shares during the period. Tyche Wealth Partners LLC’s holdings in CrowdStrike were worth $964,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Abich Financial Wealth Management LLC acquired a new position in shares of CrowdStrike in the 2nd quarter valued at $25,000. Oakworth Capital Inc. acquired a new stake in CrowdStrike in the 3rd quarter valued at $28,000. Tsfg LLC raised its position in CrowdStrike by 593.3% in the third 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. Family Firm Inc. acquired a new position in shares of CrowdStrike during the second quarter worth about $30,000. Finally, Castleview Partners LLC purchased a new stake in shares of CrowdStrike in the third quarter worth about $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred 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 directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were 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 represents 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 worth $30,529,413. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on CRWD. BNP Paribas assumed coverage on CrowdStrike in a report on Tuesday, October 8th. They set a “neutral” rating and a $285.00 target price on the stock. Raymond James dropped their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Truist Financial reiterated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. Royal Bank of Canada lowered their target price on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Barclays boosted their price target on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Price Performance

Shares of CRWD traded up $8.16 during mid-day trading on Tuesday, hitting $309.48. The company’s stock had a trading volume of 888,974 shares, compared to its average volume of 5,127,764. The stock has a market capitalization of $75.86 billion, a price-to-earnings ratio of 579.87, a PEG ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a fifty-two week low of $171.68 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a 50-day moving average price of $282.06 and a 200 day moving average price of $307.81.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate 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 in the prior year, the firm earned $0.06 EPS. On average, research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

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.