Yeomans Consulting Group Inc. purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 571 shares of the company’s stock, valued at approximately $281,000.
A number of other hedge funds also recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC purchased a new position in CrowdStrike during the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC increased its holdings in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 40 shares during the period. Vision Financial Markets LLC purchased a new position in CrowdStrike during the first quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after buying an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike during the first quarter worth $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.
CrowdStrike Stock Down 0.6%
CrowdStrike stock opened at $496.80 on Friday. The business’s 50-day simple moving average is $445.78 and its two-hundred day simple moving average is $438.69. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. The company has a market cap of $124.68 billion, a PE ratio of -417.48, a PEG ratio of 117.49 and a beta of 1.19. CrowdStrike has a fifty-two week low of $278.56 and a fifty-two week high of $517.98.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently weighed in on CRWD shares. BMO Capital Markets raised their price objective on CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, September 18th. Robert W. Baird raised their target price on shares of CrowdStrike from $460.00 to $490.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. Canaccord Genuity Group lifted their price target on shares of CrowdStrike from $430.00 to $500.00 and gave the stock a “hold” rating in a report on Monday, September 22nd. UBS Group decreased their price objective on CrowdStrike from $545.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, August 28th. Finally, Roth Capital restated a “buy” rating and set a $510.00 target price (up from $410.00) on shares of CrowdStrike in a research note on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating, eighteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $484.95.
Read Our Latest Analysis on CrowdStrike
Insider Activity at CrowdStrike
In other news, CEO George Kurtz sold 17,830 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total transaction of $8,817,469.90. Following the transaction, the chief executive officer owned 2,115,057 shares in the company, valued at $1,045,959,138.21. This trade represents a 0.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the sale, the director directly owned 768,511 shares in the company, valued at $315,335,433.52. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 112,816 shares of company stock valued at $52,606,356 in the last quarter. 3.32% of the stock is currently owned by insiders.
CrowdStrike Company Profile
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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