IFG Advisors LLC bought a new stake in CrowdStrike (NASDAQ:CRWD – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 594 shares of the company’s stock, valued at approximately $303,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Financial Management Professionals Inc. lifted its position in shares of CrowdStrike by 91.9% in the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after buying an additional 34 shares during the last quarter. Cloud Capital Management LLC bought a new stake in CrowdStrike in the 1st quarter valued at $25,000. Vision Financial Markets LLC acquired a new stake in CrowdStrike during the 1st quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. boosted its position in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 58 shares during the period. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Price Performance
CrowdStrike stock opened at $488.94 on Wednesday. The firm has a market cap of $122.70 billion, a PE ratio of -410.87, a price-to-earnings-growth ratio of 119.52 and a beta of 1.19. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock’s fifty day moving average price is $452.06 and its two-hundred day moving average price is $446.31. CrowdStrike has a one year low of $294.68 and a one year high of $517.98.
Insider Activity at CrowdStrike
In other CrowdStrike news, President Michael Sentonas sold 10,000 shares of the firm’s stock in a transaction on Friday, October 10th. The stock was sold at an average price of $515.00, for a total value of $5,150,000.00. Following the sale, the president owned 354,116 shares of the company’s stock, valued at approximately $182,369,740. This trade represents a 2.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 17,830 shares of CrowdStrike stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $494.53, for a total value of $8,817,469.90. Following the completion of the transaction, the chief executive officer owned 2,115,057 shares in the company, valued at approximately $1,045,959,138.21. The trade was a 0.84% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 155,743 shares of company stock worth $74,348,319 in the last 90 days. Corporate insiders own 3.32% of the company’s stock.
Analyst Ratings Changes
Several analysts recently commented on CRWD shares. Capital One Financial lifted their target price on shares of CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. Cfra reaffirmed a “hold” rating and issued a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. The Goldman Sachs Group increased their target price on CrowdStrike from $492.00 to $535.00 and gave the stock a “buy” rating in a research note on Friday, September 19th. Stifel Nicolaus boosted their price target on CrowdStrike from $495.00 to $515.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Finally, Piper Sandler decreased their price objective on CrowdStrike from $505.00 to $450.00 and set a “neutral” rating on the stock in a report on Thursday, August 28th. One research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $494.02.
Check Out Our Latest Stock Analysis on CrowdStrike
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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