Atlas Private Wealth Advisors Takes $230,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Atlas Private Wealth Advisors acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 600 shares of the company’s stock, valued at approximately $230,000.

Other large investors have also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $26,000. Bear Mountain Capital Inc. purchased a new position in CrowdStrike in the fourth quarter worth approximately $27,000. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike during the 1st quarter worth approximately $30,000. Johnson Financial Group Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $31,000. Finally, Northwest Bank & Trust Co acquired a new stake in shares of CrowdStrike in the 4th quarter valued at $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $0.38 during midday trading on Friday, hitting $240.90. The company had a trading volume of 5,938,890 shares, compared to its average volume of 5,446,563. The firm has a market capitalization of $58.63 billion, a price-to-earnings ratio of 454.53, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. CrowdStrike Holdings, Inc. has a twelve month low of $140.52 and a twelve month high of $398.33. The business has a 50-day simple moving average of $332.51 and a two-hundred day simple moving average of $322.63. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CRWD shares. JPMorgan Chase & Co. lowered their target price on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Wedbush reiterated an “outperform” rating and issued a $315.00 price objective on shares of CrowdStrike in a report on Friday. Evercore ISI decreased their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. KeyCorp dropped their price target on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Finally, Royal Bank of Canada reduced their price objective on shares of CrowdStrike from $420.00 to $380.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $348.61.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction on Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the sale, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,643 shares of company stock worth $54,992,604. 4.34% of the stock is owned by corporate insiders.

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.