CrowdStrike $CRWD Shares Bought by AE Wealth Management LLC

AE Wealth Management LLC boosted its holdings in CrowdStrike (NASDAQ:CRWD) by 36.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,412 shares of the company’s stock after acquiring an additional 5,232 shares during the quarter. AE Wealth Management LLC’s holdings in CrowdStrike were worth $9,519,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. Brighton Jones LLC increased its position in shares of 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 during the period. Empowered Funds LLC lifted its holdings in shares of CrowdStrike by 3.6% in the first quarter. Empowered Funds LLC now owns 4,812 shares of the company’s stock valued at $1,697,000 after buying an additional 169 shares during the period. Bartlett & CO. Wealth Management LLC boosted its stake in CrowdStrike by 61.7% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 603 shares of the company’s stock valued at $307,000 after buying an additional 230 shares in the last quarter. SOA Wealth Advisors LLC. grew its holdings in CrowdStrike by 29.5% during the second quarter. SOA Wealth Advisors LLC. now owns 694 shares of the company’s stock worth $353,000 after acquiring an additional 158 shares during the period. Finally, BSW Wealth Partners acquired a new position in CrowdStrike during the second quarter worth about $306,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Denis Oleary sold 7,750 shares of the firm’s stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $515.44, for a total transaction of $3,994,660.00. Following the transaction, the director directly owned 10,816 shares in the company, valued at $5,574,999.04. This trade represents a 41.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 10,516 shares of the business’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $483.33, for a total value of $5,082,698.28. Following the completion of the sale, the chief financial officer directly owned 179,114 shares of the company’s stock, valued at $86,571,169.62. This represents a 5.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 69,048 shares of company stock worth $34,509,857 over the last quarter. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 0.7%

Shares of NASDAQ:CRWD opened at $441.40 on Friday. The firm has a fifty day moving average of $480.04 and a two-hundred day moving average of $477.29. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.18. CrowdStrike has a 12-month low of $298.00 and a 12-month high of $566.90. The firm has a market capitalization of $111.28 billion, a P/E ratio of -350.32, a price-to-earnings-growth ratio of 108.84 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative return on equity of 2.12% and a negative net margin of 6.88%.The business’s quarterly revenue was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. On average, equities analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Sanford C. Bernstein restated a “market perform” rating and set a $353.00 price objective on shares of CrowdStrike in a research report on Wednesday, December 3rd. Stifel Nicolaus increased their target price on shares of CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, November 17th. Morgan Stanley lifted their price target on shares of CrowdStrike from $515.00 to $537.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 18th. The Goldman Sachs Group upped their price target on CrowdStrike from $535.00 to $564.00 and gave the company a “buy” rating in a report on Wednesday, December 3rd. Finally, Berenberg Bank set a $600.00 target price on CrowdStrike and gave the stock a “buy” rating in a report on Friday, January 9th. Thirty-one investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $555.21.

About CrowdStrike

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.