CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,641 shares of the company’s stock after acquiring an additional 1,163 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in CrowdStrike were worth $5,335,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $683,336,000. Pathstone Holdings LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $450,418,000. Jennison Associates LLC boosted its holdings in CrowdStrike by 33.2% in the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares during the period. Vanguard Group Inc. grew its position in CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of CrowdStrike by 22,542.6% during the fourth quarter. International Assets Investment Management LLC now owns 734,300 shares of the company’s stock valued at $187,481,000 after purchasing an additional 731,057 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CRWD. Truist Financial decreased their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Wells Fargo & Company cut their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Piper Sandler reduced their target price on CrowdStrike from $400.00 to $310.00 and set a “neutral” rating on the stock in a report on Monday, July 22nd. BTIG Research cut shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, Hsbc Global Res lowered CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $351.76.

CrowdStrike Stock Performance

NASDAQ:CRWD traded down $1.69 during midday trading on Wednesday, hitting $231.96. The company’s stock had a trading volume of 11,913,723 shares, compared to its average volume of 5,279,842. The firm has a market cap of $56.45 billion, a P/E ratio of 442.71, a P/E/G ratio of 13.23 and a beta of 1.10. CrowdStrike Holdings, Inc. has a fifty-two week low of $140.52 and a fifty-two week high of $398.33. The firm’s 50 day moving average is $350.05 and its 200-day moving average is $326.14. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the completion of the transaction, the insider now directly owns 204,961 shares of the company’s stock, valued at $68,358,592.72. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $333.52, for a total transaction of $1,334,080.00. Following the transaction, the insider now owns 204,961 shares in the company, valued at $68,358,592.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,675 shares of company stock valued at $76,931,522. Company insiders own 4.34% of the company’s stock.

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.