Soltis Investment Advisors LLC increased its position in CrowdStrike (NASDAQ:CRWD – Free Report) by 39.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,229 shares of the company’s stock after buying an additional 636 shares during the period. Soltis Investment Advisors LLC’s holdings in CrowdStrike were worth $1,135,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in CRWD. Mascagni Wealth Management Inc. raised its position in CrowdStrike by 58.7% during the 2nd quarter. Mascagni Wealth Management Inc. now owns 1,122 shares of the company’s stock valued at $571,000 after purchasing an additional 415 shares in the last quarter. Golden State Wealth Management LLC boosted its holdings in shares of CrowdStrike by 122.5% in the 2nd quarter. Golden State Wealth Management LLC now owns 1,157 shares of the company’s stock valued at $589,000 after acquiring an additional 637 shares during the last quarter. Commonwealth Equity Services LLC raised its position in CrowdStrike by 5.5% during the second quarter. Commonwealth Equity Services LLC now owns 195,574 shares of the company’s stock valued at $99,608,000 after acquiring an additional 10,123 shares in the last quarter. Andra AP fonden boosted its stake in shares of CrowdStrike by 435.3% during the 2nd quarter. Andra AP fonden now owns 19,683 shares of the company’s stock worth $10,025,000 after acquiring an additional 16,006 shares in the last quarter. Finally, Ethos Financial Group LLC acquired a new stake in CrowdStrike in the 2nd quarter worth about $287,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.
CrowdStrike Stock Performance
CRWD opened at $532.52 on Friday. The company has a market capitalization of $133.64 billion, a price-to-earnings ratio of -447.49, a price-to-earnings-growth ratio of 125.52 and a beta of 1.16. CrowdStrike has a 1-year low of $298.00 and a 1-year high of $555.81. 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 business has a 50 day moving average price of $484.48 and a two-hundred day moving average price of $465.29.
Analyst Ratings Changes
CRWD has been the topic of several research analyst reports. Stephens boosted their price objective on shares of CrowdStrike from $525.00 to $590.00 and gave the company an “overweight” rating in a report on Thursday, October 9th. The Goldman Sachs Group raised their price target on CrowdStrike from $492.00 to $535.00 and gave the stock a “buy” rating in a report on Friday, September 19th. Stifel Nicolaus boosted their target price on shares of CrowdStrike from $495.00 to $515.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Sanford C. Bernstein lowered their price target on shares of CrowdStrike from $371.00 to $343.00 and set a “market perform” rating on the stock in a research report on Thursday, August 28th. Finally, Canaccord Genuity Group raised their price target on CrowdStrike from $430.00 to $500.00 and gave the stock a “hold” rating in a research note on Monday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, eighteen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $510.80.
View Our Latest Stock Report on CrowdStrike
Insider Buying and Selling at CrowdStrike
In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on 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 of the company’s stock, valued at approximately $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 20,000 shares of the business’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the transaction, the president directly owned 379,116 shares in the company, valued at approximately $189,558,000. This represents a 5.01% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 116,622 shares of company stock worth $58,561,456. Corporate insiders own 3.32% of the company’s stock.
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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