Hennion & Walsh Asset Management Inc. Has $2.73 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Hennion & Walsh Asset Management Inc. increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 96.6% in the second quarter, HoldingsChannel reports. The firm owned 7,118 shares of the company’s stock after purchasing an additional 3,498 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in CrowdStrike were worth $2,728,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. Arlington Financial Advisors LLC boosted its holdings in shares of CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after acquiring an additional 30 shares in the last quarter. Saturna Capital Corp increased its stake in shares of CrowdStrike by 2.7% in the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after buying an additional 33 shares in the last quarter. Shepherd Financial Partners LLC raised its holdings in shares of CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after buying an additional 36 shares during the last quarter. Venturi Wealth Management LLC lifted its position in CrowdStrike by 2.2% during the 1st quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock worth $582,000 after buying an additional 39 shares in the last quarter. Finally, Albion Financial Group UT grew its holdings in CrowdStrike by 3.7% during the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after acquiring an additional 39 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,662 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,856,294 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CRWD. Jefferies Financial Group dropped their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Oppenheimer boosted their target price on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Truist Financial cut their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Tuesday, July 23rd. Citigroup lowered their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, Wedbush restated an “outperform” rating and set a $315.00 target price on shares of CrowdStrike in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $337.58.

CrowdStrike Stock Up 1.6 %

CrowdStrike stock opened at $266.78 on Tuesday. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike Holdings, Inc. has a 1-year low of $141.97 and a 1-year high of $398.33. The company has a fifty day simple moving average of $322.77 and a 200 day simple moving average of $321.07. The company has a market cap of $64.92 billion, a P/E ratio of 503.36, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

CrowdStrike Company 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.