J.W. Cole Advisors Inc. Has $3.94 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

J.W. Cole Advisors Inc. boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 47.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 10,272 shares of the company’s stock after purchasing an additional 3,323 shares during the period. J.W. Cole Advisors Inc.’s holdings in CrowdStrike were worth $3,936,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CRWD. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike in the first quarter worth about $30,000. Family Firm Inc. bought a new position in shares of CrowdStrike in the second quarter worth about $30,000. Johnson Financial Group Inc. bought a new position in shares of CrowdStrike in the fourth quarter worth about $31,000. Northwest Bank & Trust Co bought a new position in shares of CrowdStrike in the fourth quarter worth about $32,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of CrowdStrike in the first quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Up 0.8 %

NASDAQ CRWD opened at $259.13 on Friday. The stock has a market capitalization of $63.06 billion, a price-to-earnings ratio of 488.92, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a one year low of $157.59 and a one year high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The business’s fifty day moving average is $276.14 and its 200-day moving average is $313.78.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.06 EPS. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and issued a $315.00 price objective on shares of CrowdStrike in a report on Friday, August 9th. Barclays raised their price objective on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. BMO Capital Markets raised their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Mizuho dropped their price objective on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Finally, Rosenblatt Securities dropped their price objective on shares of CrowdStrike from $350.00 to $330.00 and set a “buy” rating for the company in a report on Monday, August 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $327.16.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock worth $48,856,294 in the last ninety days. Company insiders own 4.34% of the company’s stock.

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.