Atria Investments Inc increased its holdings in shares of  CrowdStrike (NASDAQ:CRWD – Free Report) by 15.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,466 shares of the company’s stock after purchasing an additional 1,376 shares during the period. Atria Investments Inc’s holdings in CrowdStrike were worth $5,330,000 as of its most recent filing with the Securities and Exchange Commission. 
A number of other institutional investors have also recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC purchased a new stake in CrowdStrike during the 1st quarter worth $25,000. Atlantic Edge Private Wealth Management LLC boosted its position 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 purchasing an additional 40 shares during the period. Vision Financial Markets LLC purchased a new stake in CrowdStrike during the 1st quarter worth $26,000. AlphaQuest LLC acquired a new stake in shares of CrowdStrike during the second quarter valued at about $26,000. Finally, Neo Ivy Capital Management acquired a new stake in shares of CrowdStrike during the first quarter valued at about $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.
CrowdStrike Stock Performance
Shares of CRWD stock opened at $543.01 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. CrowdStrike has a one year low of $294.68 and a one year high of $553.64. The company’s 50-day simple moving average is $475.45 and its 200-day simple moving average is $461.40. The stock has a market capitalization of $136.27 billion, a price-to-earnings ratio of -456.31, a PEG ratio of 127.60 and a beta of 1.19.
Insider Buying and Selling at CrowdStrike
In other CrowdStrike news, President Michael Sentonas sold 20,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the transaction, the president owned 379,116 shares of the company’s stock, valued at $189,558,000. This trade represents a 5.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 156,840 shares of company stock worth $75,350,186. Insiders own 3.32% of the company’s stock.
Analyst Ratings Changes
Several brokerages have recently weighed in on CRWD. Oppenheimer raised their target price on CrowdStrike from $520.00 to $560.00 and gave the company an “outperform” rating in a research note on Friday, October 17th. Sanford C. Bernstein lowered their target price on CrowdStrike from $371.00 to $343.00 and set a “market perform” rating for the company in a research note on Thursday, August 28th. Stifel Nicolaus raised their target price on CrowdStrike from $495.00 to $515.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Wedbush restated a “buy” rating on shares of CrowdStrike in a research note on Thursday, August 28th. Finally, The Goldman Sachs Group raised their target price on CrowdStrike from $492.00 to $535.00 and gave the company a “buy” rating in a research note on Friday, September 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $505.78.
Check Out Our Latest Analysis on CRWD
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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