Joel Isaacson & Co. LLC Sells 56 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Joel Isaacson & Co. LLC reduced its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.6% in the third quarter, HoldingsChannel reports. The institutional investor owned 2,115 shares of the company’s stock after selling 56 shares during the quarter. Joel Isaacson & Co. LLC’s holdings in CrowdStrike were worth $593,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Trueblood Wealth Management LLC purchased a new stake in CrowdStrike in the 3rd quarter worth approximately $219,000. Strategic Investment Solutions Inc. IL lifted its stake in CrowdStrike by 414.0% in the third quarter. Strategic Investment Solutions Inc. IL now owns 514 shares of the company’s stock worth $144,000 after acquiring an additional 414 shares during the period. Warther Private Wealth LLC lifted its stake in CrowdStrike by 78.7% in the third quarter. Warther Private Wealth LLC now owns 2,967 shares of the company’s stock worth $832,000 after acquiring an additional 1,307 shares during the period. Ballentine Partners LLC boosted its holdings in CrowdStrike by 169.2% in the third quarter. Ballentine Partners LLC now owns 5,058 shares of the company’s stock valued at $1,419,000 after acquiring an additional 3,179 shares in the last quarter. Finally, Financial Partners Group LLC increased its position in CrowdStrike by 61.7% during the 3rd quarter. Financial Partners Group LLC now owns 925 shares of the company’s stock valued at $259,000 after purchasing an additional 353 shares during the period. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was 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. In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction 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 directly owns 179,091 shares in the company, valued at $46,563,660. 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 hyperlink. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock worth $30,529,413 in the last three months. Corporate insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the topic of several research analyst reports. Susquehanna reiterated a “positive” rating and set a $310.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. DA Davidson reiterated a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. BMO Capital Markets increased their target price on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Cantor Fitzgerald restated an “overweight” rating and set a $350.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Robert W. Baird decreased their price objective on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Trading Down 1.3 %

CrowdStrike stock opened at $300.62 on Friday. CrowdStrike Holdings, Inc. has a 52-week low of $170.17 and a 52-week high of $398.33. The company has a market cap of $73.16 billion, a P/E ratio of 567.21, a P/E/G ratio of 19.94 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The business has a 50-day simple moving average of $281.37 and a two-hundred day simple moving average of $307.96.

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

About CrowdStrike

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.