Maia Wealth LLC Makes New Investment in CrowdStrike $CRWD

Maia Wealth LLC acquired a new stake in CrowdStrike (NASDAQ:CRWD) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 510 shares of the company’s stock, valued at approximately $260,000.

A number of other institutional investors also recently modified their holdings of CRWD. Vanguard Group Inc. raised its holdings in CrowdStrike by 2.6% during the second quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after buying an additional 596,007 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of CrowdStrike by 5.0% during the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock valued at $2,903,752,000 after buying an additional 273,922 shares during the last quarter. Laurel Wealth Advisors LLC increased its position in shares of CrowdStrike by 54,635.9% during the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after acquiring an additional 4,285,640 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CrowdStrike by 52.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock worth $977,149,000 after acquiring an additional 955,529 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in CrowdStrike by 39.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after acquiring an additional 760,222 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Down 2.1%

Shares of NASDAQ:CRWD opened at $501.54 on Thursday. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $566.90. The company has a market capitalization of $125.87 billion, a PE ratio of -421.46, a price-to-earnings-growth ratio of 120.40 and a beta of 1.16. The business has a fifty day moving average price of $511.66 and a two-hundred day moving average price of $476.13. 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 issued its quarterly earnings results on Wednesday, August 27th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative net margin of 6.84% and a negative return on equity of 1.53%. The firm’s quarterly revenue was up 21.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.04 EPS. Analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 6,975 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $549.89, for a total value of $3,835,482.75. Following the transaction, the chief executive officer directly owned 2,108,082 shares in the company, valued at $1,159,213,210.98. The trade was a 0.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Johanna Flower sold 2,347 shares of the stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the transaction, the director directly owned 79,057 shares of the company’s stock, valued at $38,815,405.86. This represents a 2.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 116,622 shares of company stock valued at $58,561,456. Company insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently commented on the company. JMP Securities increased their price objective on CrowdStrike from $500.00 to $550.00 and gave the stock a “market outperform” rating in a research note on Tuesday, September 23rd. Zacks Research raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. DA Davidson increased their price target on CrowdStrike from $515.00 to $580.00 and gave the company a “buy” rating in a research report on Monday. Scotiabank upgraded CrowdStrike from a “sector perform” rating to a “sector outperform” rating and raised their price objective for the company from $440.00 to $600.00 in a research note on Thursday, September 25th. Finally, Capital One Financial lifted their price objective on shares of CrowdStrike from $519.00 to $599.00 and gave the stock an “overweight” rating in a report on Tuesday, November 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, fifteen have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $543.75.

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.