Triad Wealth Partners LLC purchased a new stake in CrowdStrike (NASDAQ:CRWD – Free Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 577 shares of the company’s stock, valued at approximately $294,000.
A number of other institutional investors have also added to or reduced their stakes in CRWD. Brighton Jones LLC boosted its position in CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after buying an additional 2,417 shares in the last quarter. Merit Financial Group LLC lifted its stake in shares of CrowdStrike by 30.2% in the 1st quarter. Merit Financial Group LLC now owns 4,390 shares of the company’s stock valued at $1,548,000 after acquiring an additional 1,019 shares during the last quarter. Cypress Wealth Services LLC boosted its holdings in shares of CrowdStrike by 8.5% during the 1st quarter. Cypress Wealth Services LLC now owns 641 shares of the company’s stock valued at $226,000 after acquiring an additional 50 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in CrowdStrike by 8.9% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 539 shares of the company’s stock worth $190,000 after acquiring an additional 44 shares during the last quarter. Finally, Enclave Advisors LLC increased its holdings in CrowdStrike by 24.3% in the 1st quarter. Enclave Advisors LLC now owns 4,829 shares of the company’s stock worth $1,703,000 after purchasing an additional 945 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.
CrowdStrike Stock Performance
Shares of CrowdStrike stock opened at $489.88 on Friday. The business has a 50-day moving average price of $446.22 and a two-hundred day moving average price of $439.56. CrowdStrike has a 1-year low of $283.80 and a 1-year high of $517.98. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. The company has a market cap of $122.94 billion, a P/E ratio of -411.66, a PEG ratio of 116.74 and a beta of 1.19.
Analyst Ratings Changes
A number of brokerages have recently commented on CRWD. Robert W. Baird lifted their price target on CrowdStrike from $460.00 to $490.00 and gave the company a “neutral” rating in a research note on Friday, September 19th. 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 research report on Thursday, September 18th. The Goldman Sachs Group upped their price target on shares of CrowdStrike from $492.00 to $535.00 and gave the company a “buy” rating in a research report on Friday, September 19th. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a report on Tuesday, September 23rd. Finally, BMO Capital Markets increased their price objective on CrowdStrike from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have issued a Buy rating, eighteen have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $487.11.
Read Our Latest Analysis on CrowdStrike
Insider Activity at CrowdStrike
In other CrowdStrike news, President Michael Sentonas sold 20,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the sale, the president directly owned 379,116 shares in the company, valued at approximately $189,558,000. This trade represents a 5.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 10,706 shares of CrowdStrike stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $495.67, for a total transaction of $5,306,643.02. Following the completion of the sale, the chief financial officer directly owned 220,424 shares of the company’s stock, valued at approximately $109,257,564.08. This trade represents a 4.63% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 132,816 shares of company stock worth $62,606,356. Corporate insiders own 3.32% of the company’s stock.
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.
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