Beacon Financial Advisory LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Beacon Financial Advisory LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 3,406 shares of the company’s stock, valued at approximately $955,000.

A number of other institutional investors also recently modified their holdings of CRWD. Norden Group LLC bought a new position in CrowdStrike in the 1st quarter worth approximately $310,000. Quent Capital LLC boosted its holdings in CrowdStrike by 59.9% in the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after purchasing an additional 88 shares during the period. Rehmann Capital Advisory Group grew its position in CrowdStrike by 6.8% in the 1st quarter. Rehmann Capital Advisory Group now owns 1,174 shares of the company’s stock worth $376,000 after purchasing an additional 75 shares during the last quarter. Signaturefd LLC raised its position in shares of CrowdStrike by 28.5% during the first quarter. Signaturefd LLC now owns 3,974 shares of the company’s stock valued at $1,274,000 after buying an additional 882 shares during the last quarter. Finally, Disciplined Equity Management Inc. bought a new stake in shares of CrowdStrike in the first quarter valued at about $785,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related 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 value of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This trade represents 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 this hyperlink. In related news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $320.38, for a total transaction of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares in the company, valued at approximately $263,277,391.08. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was 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 ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,212 shares of company stock valued at $30,529,413. 4.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CRWD. Morgan Stanley restated an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a research note on Monday, September 9th. Jefferies Financial Group upped their target price on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Truist Financial restated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Wednesday, August 28th. Finally, Barclays lifted their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research 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 given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $328.74.

CrowdStrike Price Performance

NASDAQ CRWD opened at $307.58 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 52-week low of $183.60 and a 52-week high of $398.33. The business has a 50 day simple moving average of $286.26 and a 200 day simple moving average of $308.14. The stock has a market cap of $75.40 billion, a price-to-earnings ratio of 445.77, a PEG ratio of 20.50 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 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 business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the previous year, the firm posted $0.06 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

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.