Avitas Wealth Management LLC Invests $364,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Avitas Wealth Management LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 949 shares of the company’s stock, valued at approximately $364,000.

A number of other hedge funds also recently modified their holdings of CRWD. Hexagon Capital Partners LLC acquired a new position in CrowdStrike in the fourth quarter valued at $26,000. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the first quarter valued at $30,000. Johnson Financial Group Inc. acquired a new position in shares of CrowdStrike during the fourth quarter valued at about $31,000. Northwest Bank & Trust Co acquired a new position in shares of CrowdStrike during the fourth quarter valued at about $32,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of CrowdStrike during the first quarter valued at about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,219 shares of company stock valued at $48,856,294. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

CRWD traded up $3.90 on Friday, hitting $271.54. The company’s stock had a trading volume of 3,248,578 shares, compared to its average volume of 5,396,045. The company’s 50 day simple moving average is $313.54 and its 200-day simple moving average is $319.89. The firm has a market cap of $66.08 billion, a P/E ratio of 512.34, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $141.97 and a 12 month high of $398.33. 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 released its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CRWD shares. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Wells Fargo & Company dropped their price objective on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a report on Monday, August 19th. JPMorgan Chase & Co. dropped their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Finally, Oppenheimer boosted their target price on shares of CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $337.58.

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.