Forvis Mazars Wealth Advisors LLC raised its position in CrowdStrike (NASDAQ:CRWD – Free Report) by 11.7% in the 2nd quarter, Holdings Channel reports. The fund owned 744 shares of the company’s stock after purchasing an additional 78 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in CrowdStrike were worth $379,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. Patron Partners LLC grew its position in CrowdStrike by 2.1% in the second quarter. Patron Partners LLC now owns 1,076 shares of the company’s stock valued at $548,000 after acquiring an additional 22 shares in the last quarter. Real Talk Capital LLC grew its position in CrowdStrike by 0.9% in the first quarter. Real Talk Capital LLC now owns 2,732 shares of the company’s stock valued at $963,000 after acquiring an additional 24 shares in the last quarter. Tradewinds Capital Management LLC grew its position in CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock valued at $51,000 after acquiring an additional 25 shares in the last quarter. Close Asset Management Ltd grew its position in CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company’s stock valued at $46,000 after acquiring an additional 25 shares in the last quarter. Finally, Ramirez Asset Management Inc. grew its position in CrowdStrike by 5.9% in the first quarter. Ramirez Asset Management Inc. now owns 450 shares of the company’s stock valued at $159,000 after acquiring an additional 25 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.
CrowdStrike Stock Performance
CrowdStrike stock opened at $503.61 on Tuesday. The company has a market cap of $126.39 billion, a PE ratio of -423.20, a P/E/G ratio of 113.89 and a beta of 1.19. The company has a fifty day moving average price of $456.70 and a two-hundred day moving average price of $450.85. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. CrowdStrike has a 12 month low of $294.68 and a 12 month high of $517.98.
Analysts Set New Price Targets
CRWD has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of CrowdStrike from $460.00 to $475.00 and gave the stock an “equal weight” rating in a research report on Thursday, September 18th. UBS Group decreased their price target on shares of CrowdStrike from $545.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. Oppenheimer raised their price target on shares of CrowdStrike from $520.00 to $560.00 and gave the stock an “outperform” rating in a research report on Friday. Capital One Financial raised their price target on shares of CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Finally, Wells Fargo & Company raised their price target on shares of CrowdStrike from $550.00 to $600.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $494.95.
Check Out Our Latest Stock Analysis on CrowdStrike
Insider Buying and Selling at CrowdStrike
In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the sale, the director directly owned 768,511 shares in the company, valued at approximately $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 11,883 shares of the firm’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of the sale, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 158,090 shares of company stock worth $75,500,649. Company insiders own 3.32% of the company’s stock.
CrowdStrike 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.
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