614 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by LJI Wealth Management LLC

LJI Wealth Management LLC purchased a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 614 shares of the company’s stock, valued at approximately $235,000.

Several other hedge funds have also recently modified their holdings of the stock. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the 1st quarter worth approximately $30,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the second quarter worth $30,000. Johnson Financial Group Inc. purchased a new position in shares of CrowdStrike during the fourth quarter worth $31,000. Northwest Bank & Trust Co acquired a new position in CrowdStrike during the fourth quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in CrowdStrike in the first quarter valued at $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on CRWD. Cantor Fitzgerald lowered their price objective on CrowdStrike from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Robert W. Baird lowered their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Raymond James reduced their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Finally, Mizuho decreased their target price on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $327.16.

CrowdStrike Price Performance

CRWD opened at $267.12 on Thursday. The stock’s 50-day moving average price is $269.19 and its 200 day moving average price is $312.63. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33. The firm has a market cap of $65.01 billion, a price-to-earnings ratio of 504.00, a PEG ratio of 16.14 and a beta of 1.09. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,219 shares of company stock worth $48,306,394. Company insiders own 4.34% 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.