Sheaff Brock Investment Advisors LLC Buys 290 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sheaff Brock Investment Advisors LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,551 shares of the company’s stock after acquiring an additional 290 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in CrowdStrike were worth $1,138,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Saturna Capital Corp grew its position in CrowdStrike by 2.7% in the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after purchasing an additional 33 shares in the last quarter. Shepherd Financial Partners LLC grew its position in CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after purchasing an additional 36 shares in the last quarter. Cigna Investments Inc. New grew its position in CrowdStrike by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after purchasing an additional 38 shares in the last quarter. Venturi Wealth Management LLC grew its position in CrowdStrike by 2.2% in the first quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock valued at $582,000 after purchasing an additional 39 shares in the last quarter. Finally, Albion Financial Group UT grew its position in CrowdStrike by 3.7% in the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CRWD. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. KeyCorp cut their price target on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. Mizuho cut their price target on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $359.16.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Burt W. Podbere sold 15,753 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the sale, the chief financial officer now directly owns 313,994 shares in the company, valued at $95,815,269.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 219,675 shares of company stock valued at $76,931,522. 4.34% of the stock is owned by insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $2.01 during midday trading on Friday, hitting $256.16. 9,567,709 shares of the company traded hands, compared to its average volume of 5,044,093. The stock has a market cap of $62.34 billion, a price-to-earnings ratio of 475.12, a PEG ratio of 13.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The firm’s fifty day moving average price is $355.96 and its 200-day moving average price is $326.03. CrowdStrike Holdings, Inc. has a 12 month low of $140.52 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

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.