CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 39.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,003 shares of the company’s stock after acquiring an additional 1,123 shares during the quarter. Axxcess Wealth Management LLC’s holdings in CrowdStrike were worth $1,123,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. RKL Wealth Management LLC acquired a new stake in CrowdStrike during the third quarter worth about $2,297,000. Objective Capital Management LLC acquired a new stake in shares of CrowdStrike in the third quarter valued at about $207,000. Lindbrook Capital LLC grew its stake in shares of CrowdStrike by 8.1% in the third quarter. Lindbrook Capital LLC now owns 951 shares of the company’s stock valued at $267,000 after buying an additional 71 shares in the last quarter. Processus Wealth & Capital Management LLC grew its stake in shares of CrowdStrike by 51.8% in the third quarter. Processus Wealth & Capital Management LLC now owns 10,663 shares of the company’s stock valued at $2,991,000 after buying an additional 3,637 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its stake in shares of CrowdStrike by 15.3% in the third quarter. Verdence Capital Advisors LLC now owns 1,975 shares of the company’s stock valued at $554,000 after buying an additional 262 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on CRWD. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Truist Financial reiterated a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research note on Wednesday, August 28th. JPMorgan Chase & Co. lowered their price objective on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. DA Davidson restated a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a research note on Wednesday, September 18th. Finally, HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and raised their price objective for the company from $302.00 to $339.00 in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average price target of $328.74.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,248 shares of company stock worth $32,143,350 over the last 90 days. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 0.3 %

NASDAQ:CRWD opened at $343.50 on Wednesday. The stock’s 50 day moving average price is $290.92 and its 200 day moving average price is $309.11. CrowdStrike Holdings, Inc. has a 52 week low of $197.17 and a 52 week high of $398.33. The company has a market capitalization of $84.20 billion, a P/E ratio of 497.83, a P/E/G ratio of 22.31 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 firm had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the company posted $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. On average, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 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.