Valmark Advisers Inc. decreased its stake in CrowdStrike (NASDAQ:CRWD – Free Report) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 589 shares of the company’s stock after selling 81 shares during the period. Valmark Advisers Inc.’s holdings in CrowdStrike were worth $300,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cloud Capital Management LLC acquired a new position in CrowdStrike in the 1st quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC increased its position in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after acquiring an additional 40 shares during the period. Vision Financial Markets LLC acquired a new position in CrowdStrike in the 1st quarter valued at approximately $26,000. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after acquiring an additional 58 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in CrowdStrike in the 1st quarter valued at approximately $30,000. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Stock Down 3.0%
Shares of NASDAQ CRWD opened at $493.66 on Friday. The stock has a market capitalization of $123.89 billion, a P/E ratio of -414.84, a P/E/G ratio of 119.64 and a beta of 1.19. The company has a 50-day moving average price of $450.04 and a 200-day moving average price of $443.90. CrowdStrike has a 1 year low of $294.68 and a 1 year high of $517.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88.
Insider Buying and Selling at CrowdStrike
In other news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the transaction, the director directly owned 768,511 shares in the company, valued at $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of CrowdStrike stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the transaction, the chief financial officer owned 231,130 shares of the company’s stock, valued at $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 157,816 shares of company stock valued at $75,331,356 over the last three months. Corporate insiders own 3.32% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on CRWD shares. BTIG Research reaffirmed a “buy” rating and set a $489.00 price target on shares of CrowdStrike in a research report on Thursday, September 18th. Jefferies Financial Group upped their price target on shares of CrowdStrike from $500.00 to $515.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research report on Thursday, September 18th. DZ Bank cut shares of CrowdStrike from a “hold” rating to a “sell” rating and set a $440.00 price target on the stock. in a research report on Wednesday, September 24th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $510.00 price target on shares of CrowdStrike in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $493.33.
Get Our Latest Stock Analysis on CRWD
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.
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