CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Avitas Wealth Management LLC

Avitas Wealth Management LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 26.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,200 shares of the company’s stock after acquiring an additional 251 shares during the period. Avitas Wealth Management LLC’s holdings in CrowdStrike were worth $337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of CRWD. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter valued at approximately $25,000. Oakworth Capital Inc. purchased a new position in shares of CrowdStrike during the 3rd quarter valued at approximately $28,000. Tsfg LLC increased its holdings in shares of 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 in the last quarter. Family Firm Inc. purchased a new position in shares of CrowdStrike during the 2nd quarter valued at approximately $30,000. Finally, Castleview Partners LLC purchased a new position in shares of CrowdStrike during the 3rd quarter valued at approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent research reports. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their price target for the stock from $302.00 to $339.00 in a report on Friday, August 30th. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. BMO Capital Markets boosted 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. Finally, Jefferies Financial Group boosted their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $328.74.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at $45,521,111.43. This trade 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 hyperlink. In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was 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 trade 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 hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock valued at $30,529,413 in the last three months. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Down 1.1 %

Shares of NASDAQ CRWD opened at $307.45 on Thursday. The stock has a market cap of $75.36 billion, a PE ratio of 580.09, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. 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 Holdings, Inc. has a 52-week low of $172.58 and a 52-week high of $398.33. The business has a 50-day moving average price of $283.63 and a 200 day moving average price of $307.82.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results 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 return on equity of 8.44% and a net margin of 4.84%. The business’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.06 EPS. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current 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.