PDS Planning Inc raised its stake in CrowdStrike (NASDAQ:CRWD – Free Report) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,451 shares of the company’s stock after buying an additional 178 shares during the quarter. PDS Planning Inc’s holdings in CrowdStrike were worth $1,248,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new position in CrowdStrike during the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after buying an additional 40 shares during the period. Vision Financial Markets LLC acquired a new stake in CrowdStrike during the 1st quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. raised its stake in CrowdStrike by 305.3% during the 1st 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 during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of CrowdStrike in the first quarter worth about $30,000. 71.16% of the stock is owned by institutional investors.
CrowdStrike Trading Down 3.0%
CrowdStrike stock opened at $493.66 on Friday. The firm has a 50-day moving average of $450.04 and a 200-day moving average of $443.90. CrowdStrike has a one year low of $294.68 and a one year high of $517.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The company has a market cap of $123.89 billion, a price-to-earnings ratio of -414.84, a P/E/G ratio of 119.64 and a beta of 1.19.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. TD Cowen increased their price target on CrowdStrike from $500.00 to $580.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. Barclays raised their price objective on shares of CrowdStrike from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. DZ Bank cut CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 target price for the company. in a report on Wednesday, September 24th. Mizuho increased their target price on CrowdStrike from $430.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Finally, Zacks Research raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, CrowdStrike has an average rating of “Moderate Buy” and a consensus price target of $493.33.
Check Out Our Latest Analysis on CRWD
Insider Activity
In related news, CEO George Kurtz sold 42,267 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares of the company’s stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Michael Sentonas sold 20,000 shares of the stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the completion of the sale, the president owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. This represents a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 157,816 shares of company stock valued at $75,331,356 over the last three months. Corporate insiders own 3.32% of the company’s stock.
CrowdStrike 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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