Yukon Wealth Management Inc. acquired a new stake in shares of CrowdStrike (NASDAQ:CRWD – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 774 shares of the company’s stock, valued at approximately $394,000.
A number of other hedge funds have also recently bought and sold shares of CRWD. Brighton Jones LLC grew its stake in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. GAMMA Investing LLC grew its stake in CrowdStrike by 43.6% during the 1st quarter. GAMMA Investing LLC now owns 3,082 shares of the company’s stock valued at $1,087,000 after purchasing an additional 936 shares in the last quarter. Bessemer Group Inc. grew its stake in CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company’s stock valued at $783,000 after purchasing an additional 98 shares in the last quarter. Diversified Trust Co acquired a new stake in CrowdStrike during the 1st quarter valued at approximately $231,000. Finally, Transcend Capital Advisors LLC grew its stake in CrowdStrike by 14.2% during the 1st quarter. Transcend Capital Advisors LLC now owns 1,942 shares of the company’s stock valued at $685,000 after purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.
CrowdStrike Trading Up 1.0%
Shares of NASDAQ CRWD opened at $527.32 on Monday. The company has a market cap of $132.34 billion, a price-to-earnings ratio of -443.12, a price-to-earnings-growth ratio of 123.92 and a beta of 1.19. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $535.52. 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’s 50 day simple moving average is $463.35 and its 200 day simple moving average is $455.76.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on CRWD. Scotiabank upgraded CrowdStrike from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $440.00 to $600.00 in a research note on Thursday, September 25th. DA Davidson increased their target price on CrowdStrike from $490.00 to $515.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a report on Thursday, September 18th. BMO Capital Markets increased their target price on CrowdStrike from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on CrowdStrike from $430.00 to $435.00 and gave the stock a “hold” rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $496.47.
Read Our Latest Stock Analysis on CRWD
Insiders Place Their Bets
In related news, Director Johanna Flower sold 2,347 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $490.98, for a total value of $1,152,330.06. Following the sale, the director owned 79,057 shares of the company’s stock, valued at approximately $38,815,405.86. This trade represents a 2.88% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 17,830 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $494.53, for a total value of $8,817,469.90. Following the completion of the sale, the chief executive officer directly owned 2,115,057 shares in the company, valued at approximately $1,045,959,138.21. This trade represents a 0.84% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 158,090 shares of company stock worth $75,500,649. 3.32% of the stock is currently owned by insiders.
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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