CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Boosted by Independent Advisor Alliance

Independent Advisor Alliance lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 30,674 shares of the company’s stock after purchasing an additional 4,580 shares during the quarter. Independent Advisor Alliance’s holdings in CrowdStrike were worth $8,603,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike during the 2nd quarter valued at about $25,000. Family Firm Inc. bought a new stake in CrowdStrike during the 2nd quarter valued at $30,000. Itau Unibanco Holding S.A. bought a new position in shares of CrowdStrike in the second quarter worth $33,000. Unique Wealth Strategies LLC bought a new stake in shares of CrowdStrike during the second quarter valued at about $36,000. Finally, Hobbs Group Advisors LLC bought a new position in CrowdStrike in the 2nd quarter valued at about $38,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CRWD. Barclays increased their price objective on shares of CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Morgan Stanley upped their price objective on CrowdStrike from $325.00 to $355.00 and gave the company an “overweight” rating in a report on Monday, November 18th. Citigroup lowered their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. KeyCorp upped their price target on shares of CrowdStrike from $345.00 to $395.00 and gave the company an “overweight” rating in a report on Friday. Finally, DA Davidson reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research note on Wednesday, September 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty have given a buy rating and four have assigned a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average target price of $335.62.

CrowdStrike Price Performance

CRWD stock opened at $372.26 on Monday. The company has a market capitalization of $91.25 billion, a P/E ratio of 539.51, a price-to-earnings-growth ratio of 26.95 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $398.33. The business has a 50-day simple moving average of $308.04 and a two-hundred day simple moving average of $311.89. 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 (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the company earned $0.06 EPS. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.49 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total value of $1,361,760.00. Following the transaction, the insider now owns 120,298 shares of the company’s stock, valued at $40,954,251.12. This represents a 3.22 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the completion of the transaction, the director now directly owns 816,730 shares in the company, valued at approximately $261,745,630.40. This represents a 0.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock valued at $32,465,110 over the last three months. Company insiders own 4.34% 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.