Consolidated Portfolio Review Corp decreased its position in CrowdStrike (NASDAQ:CRWD – Free Report) by 16.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 992 shares of the company’s stock after selling 192 shares during the quarter. Consolidated Portfolio Review Corp’s holdings in CrowdStrike were worth $505,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company’s stock valued at $447,000 after buying an additional 215 shares in the last quarter. OLD National Bancorp IN bought a new stake in CrowdStrike during the first quarter worth approximately $248,000. Bessemer Group Inc. boosted its position in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock worth $783,000 after purchasing an additional 98 shares during the period. Geneos Wealth Management Inc. boosted its position in CrowdStrike by 33.2% during the first quarter. Geneos Wealth Management Inc. now owns 24,059 shares of the company’s stock worth $8,483,000 after purchasing an additional 5,998 shares during the period. Finally, Benchmark Investment Advisors LLC boosted its position in CrowdStrike by 90.8% during the first quarter. Benchmark Investment Advisors LLC now owns 10,248 shares of the company’s stock worth $3,613,000 after purchasing an additional 4,877 shares during the period. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Stock Up 2.0%
CRWD opened at $499.96 on Thursday. The business has a 50 day moving average of $445.08 and a 200-day moving average of $437.78. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $125.47 billion, a price-to-earnings ratio of -420.13, a P/E/G ratio of 115.24 and a beta of 1.19. CrowdStrike has a 1-year low of $274.86 and a 1-year high of $517.98.
Analyst Ratings Changes
A number of equities research analysts have issued reports on CRWD shares. Scotiabank raised CrowdStrike from a “sector perform” rating to a “sector outperform” rating and upped their target price for the stock from $440.00 to $600.00 in a research report on Thursday, September 25th. JMP Securities raised their price target on CrowdStrike from $500.00 to $550.00 and gave the company a “market outperform” rating in a research report on Tuesday, September 23rd. Deutsche Bank Aktiengesellschaft raised their price target on CrowdStrike from $430.00 to $435.00 and gave the company a “hold” rating in a research report on Thursday, September 18th. Stifel Nicolaus raised their price target on CrowdStrike from $495.00 to $515.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Finally, KeyCorp raised their price target on CrowdStrike from $495.00 to $510.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating, eighteen have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $484.95.
View Our Latest Stock Analysis on CRWD
Insiders Place Their Bets
In related news, President Michael Sentonas sold 11,561 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $495.69, for a total value of $5,730,672.09. Following the completion of the transaction, the president directly owned 399,116 shares in the company, valued at approximately $197,837,810.04. This represents a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the company’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of the transaction, the chief financial officer owned 231,130 shares of the company’s stock, valued at $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 112,816 shares of company stock valued at $52,606,356 in the last ninety days. 3.32% of the stock is currently 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.
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