Cetera Advisor Networks LLC Purchases 15,836 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Cetera Advisor Networks LLC grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,389 shares of the company’s stock after acquiring an additional 15,836 shares during the quarter. Cetera Advisor Networks LLC’s holdings in CrowdStrike were worth $25,131,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. PGGM Investments increased its holdings in CrowdStrike by 462.2% in the 1st quarter. PGGM Investments now owns 9,569 shares of the company’s stock valued at $3,068,000 after buying an additional 7,867 shares during the period. Burney Co. bought a new stake in CrowdStrike in the first quarter valued at about $1,342,000. Beck Bode LLC raised its position in CrowdStrike by 4.7% in the first quarter. Beck Bode LLC now owns 37,465 shares of the company’s stock worth $12,011,000 after purchasing an additional 1,689 shares in the last quarter. Second Line Capital LLC bought a new position in CrowdStrike during the first quarter worth about $245,000. Finally, Atria Investments Inc boosted its holdings in CrowdStrike by 10.0% during the first quarter. Atria Investments Inc now owns 11,117 shares of the company’s stock valued at $3,564,000 after purchasing an additional 1,010 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $6.33 during mid-day trading on Friday, reaching $217.89. 8,978,108 shares of the company were exchanged, compared to its average volume of 12,662,070. CrowdStrike Holdings, Inc. has a twelve month low of $140.52 and a twelve month high of $398.33. The stock has a market capitalization of $53.03 billion, a P/E ratio of 411.12, a P/E/G ratio of 11.79 and a beta of 1.10. The company’s 50-day simple moving average is $342.74 and its 200-day simple moving average is $324.32. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the transaction, the chief executive officer now owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,643 shares of company stock valued at $54,992,604. 4.34% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CRWD shares. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Scotiabank downgraded shares of CrowdStrike from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the company from $393.00 to $300.00 in a research note on Monday, July 22nd. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Friday, June 21st. Citigroup cut their price target on shares of CrowdStrike from $425.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. Finally, Needham & Company LLC decreased their price objective on shares of CrowdStrike from $425.00 to $375.00 and set a “buy” rating on the stock in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $351.76.

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.