Angeles Wealth Management LLC Has $252,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Angeles Wealth Management LLC lowered its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 897 shares of the company’s stock after selling 34 shares during the period. Angeles Wealth Management LLC’s holdings in CrowdStrike were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Abich Financial Wealth Management LLC acquired a new stake in shares of CrowdStrike in the second quarter valued at about $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike during the 3rd quarter worth approximately $28,000. Tsfg LLC increased its position in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the last quarter. Family Firm Inc. bought a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC acquired a new stake in shares of CrowdStrike in 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 topic of several recent analyst reports. Sanford C. Bernstein lowered their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a research note on Monday, September 30th. KeyCorp lifted their target price on CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Monday, September 23rd. Robert W. Baird dropped their price target on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research report on Monday, August 26th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

Insider Transactions at CrowdStrike

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

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $303.13 on Monday. CrowdStrike Holdings, Inc. has a twelve month low of $178.35 and a twelve month high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock’s 50-day simple moving average is $284.85 and its 200 day simple moving average is $307.93. The firm has a market capitalization of $74.31 billion, a PE ratio of 439.32, a price-to-earnings-growth ratio of 20.07 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the company posted $0.06 EPS. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 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.