Private Advisor Group LLC Buys 4,028 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Private Advisor Group LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 32,611 shares of the company’s stock after acquiring an additional 4,028 shares during the quarter. Private Advisor Group LLC’s holdings in CrowdStrike were worth $12,496,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. New York Life Investment Management LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth $9,584,000. Parkside Financial Bank & Trust lifted its position in shares of CrowdStrike by 34.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 662 shares of the company’s stock worth $254,000 after buying an additional 170 shares during the last quarter. Hemenway Trust Co LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth $575,000. Wellington Shields Capital Management LLC lifted its position in shares of CrowdStrike by 26.1% during the 2nd quarter. Wellington Shields Capital Management LLC now owns 1,450 shares of the company’s stock worth $556,000 after buying an additional 300 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of CrowdStrike by 1,712.5% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 145 shares of the company’s stock worth $56,000 after buying an additional 137 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently weighed in on CRWD shares. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Sanford C. Bernstein lowered their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a report on Thursday. Citigroup lowered their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Morgan Stanley lowered their target price on CrowdStrike from $360.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.16.

Insider Activity

In other news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction on 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 in the company, valued at $7,136,012.97. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock worth $48,856,294 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 3.9 %

Shares of NASDAQ:CRWD opened at $246.39 on Friday. The business’s 50 day simple moving average is $289.69 and its two-hundred day simple moving average is $315.77. The firm has a market cap of $59.96 billion, a P/E ratio of 464.89, a PEG ratio of 13.44 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.80 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced 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 analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’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, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.81 EPS 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.