AlphaCore Capital LLC Purchases Shares of 2,366 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

AlphaCore Capital LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter, Holdings Channel.com reports. The fund purchased 2,366 shares of the company’s stock, valued at approximately $664,000.

Several other large investors have also added to or reduced their stakes in the stock. Concorde Asset Management LLC bought a new position in shares of CrowdStrike in the 3rd quarter worth approximately $675,000. Darden Wealth Group Inc lifted its position in CrowdStrike by 29.1% during the third quarter. Darden Wealth Group Inc now owns 6,358 shares of the company’s stock valued at $1,783,000 after buying an additional 1,432 shares during the period. Charles Schwab Investment Management Inc. lifted its position in CrowdStrike by 1.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,354,494 shares of the company’s stock valued at $379,895,000 after buying an additional 20,899 shares during the period. Overbrook Management Corp purchased a new stake in shares of CrowdStrike in the 3rd quarter worth about $8,213,000. Finally, Citizens Financial Group Inc. RI increased its stake in shares of CrowdStrike by 26.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 2,036 shares of the company’s stock worth $571,000 after acquiring an additional 423 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 2.1 %

NASDAQ CRWD opened at $357.55 on Friday. 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 $200.81 and a 52 week high of $398.33. The firm has a market capitalization of $87.65 billion, a price-to-earnings ratio of 518.19, a PEG ratio of 23.89 and a beta of 1.10. The company has a fifty day moving average of $305.77 and a two-hundred day moving average of $311.53.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on CRWD shares. Royal Bank of Canada cut their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. UBS Group lowered their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Raymond James cut their target price on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. The Goldman Sachs Group lowered their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. Finally, HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and raised their price objective for the company from $302.00 to $339.00 in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty have issued a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $334.33.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 in the last quarter. 4.34% of the stock is owned by insiders.

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.