Sugarloaf Wealth Management LLC Has $191,000 Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sugarloaf Wealth Management LLC boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 68.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 680 shares of the company’s stock after purchasing an additional 276 shares during the period. Sugarloaf Wealth Management LLC’s holdings in CrowdStrike were worth $191,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Burney Co. bought a new position in shares of CrowdStrike during the first quarter worth about $1,342,000. Doliver Advisors LP lifted its position in shares of CrowdStrike by 223.2% in the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the period. HWG Holdings LP bought a new stake in shares of CrowdStrike in the 2nd quarter valued at $2,955,000. Principal Financial Group Inc. raised its stake in CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after buying an additional 242,052 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. lifted its stake in CrowdStrike by 24.3% in the second quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock valued at $3,855,000 after buying an additional 1,966 shares during the period. 71.16% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on CRWD. Robert W. Baird lowered their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Sanford C. Bernstein cut their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research report on Thursday, September 5th. BMO Capital Markets boosted their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. Finally, Scotiabank dropped their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $325.44.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $2.96 during mid-day trading on Tuesday, hitting $289.93. The company had a trading volume of 838,457 shares, compared to its average volume of 5,239,367. 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 Holdings, Inc. has a 1 year low of $170.17 and a 1 year high of $398.33. The company has a market capitalization of $70.56 billion, a price-to-earnings ratio of 544.25, a P/E/G ratio of 19.60 and a beta of 1.10. The stock’s 50-day moving average price is $262.40 and its 200-day moving average price is $309.18.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 96,962 shares of company stock valued at $28,774,798. Corporate insiders own 4.34% of the company’s stock.

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.