J.W. Cole Advisors Inc. Acquires 1,672 Shares of CrowdStrike $CRWD

J.W. Cole Advisors Inc. increased its holdings in CrowdStrike (NASDAQ:CRWD) by 17.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,196 shares of the company’s stock after buying an additional 1,672 shares during the period. J.W. Cole Advisors Inc.’s holdings in CrowdStrike were worth $5,702,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Associated Banc Corp acquired a new stake in CrowdStrike during the second quarter worth approximately $201,000. Advisors Asset Management Inc. lifted its position in shares of CrowdStrike by 15.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,488 shares of the company’s stock valued at $1,776,000 after acquiring an additional 455 shares during the period. RPG Investment Advisory LLC acquired a new stake in shares of CrowdStrike during the 2nd quarter worth $10,569,000. Cornerstone Capital Inc. increased its position in shares of CrowdStrike by 1.3% in the second quarter. Cornerstone Capital Inc. now owns 6,785 shares of the company’s stock worth $3,456,000 after purchasing an additional 90 shares during the period. Finally, Southeast Asset Advisors LLC acquired a new position in CrowdStrike in the second quarter valued at about $212,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $512.34 on Wednesday. The company’s 50 day moving average price is $510.53 and its two-hundred day moving average price is $475.95. The firm has a market capitalization of $128.58 billion, a P/E ratio of -430.53, a P/E/G ratio of 119.10 and a beta of 1.16. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90. 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 (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.10. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same period in the prior year, the company earned $1.04 EPS. CrowdStrike’s revenue was up 21.4% compared to the same quarter last year. On average, equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director owned 768,511 shares of the company’s stock, valued at $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Michael Sentonas sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the completion of the transaction, the president owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. This trade represents a 5.01% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 116,622 shares of company stock worth $58,561,456 in the last 90 days. 3.32% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CRWD has been the topic of a number of analyst reports. Stephens increased their price objective on shares of CrowdStrike from $525.00 to $590.00 and gave the stock an “overweight” rating in a research note on Thursday, October 9th. Jefferies Financial Group upped their price target on shares of CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a report on Wednesday, November 19th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Wednesday, October 15th. Truist Financial boosted their price objective on shares of CrowdStrike from $550.00 to $600.00 and gave the company a “buy” rating in a research report on Tuesday, November 18th. Finally, Stifel Nicolaus raised their target price on CrowdStrike from $515.00 to $600.00 and gave the company a “buy” rating in a report on Monday, November 17th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus target price of $539.38.

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.