CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Blodgett Wealth Advisors LLC

Blodgett Wealth Advisors LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,252 shares of the company’s stock after buying an additional 640 shares during the quarter. CrowdStrike comprises 1.0% of Blodgett Wealth Advisors LLC’s holdings, making the stock its 19th biggest position. Blodgett Wealth Advisors LLC’s holdings in CrowdStrike were worth $1,193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in CRWD. Burney Co. bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $1,342,000. Doliver Advisors LP boosted its stake in shares of CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after acquiring an additional 4,664 shares in the last quarter. HWG Holdings LP acquired a new position in shares of CrowdStrike in the 2nd quarter worth $2,955,000. Principal Financial Group Inc. raised its position in shares of CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after purchasing an additional 242,052 shares during the period. Finally, Newbridge Financial Services Group Inc. boosted its position in shares of CrowdStrike by 24.3% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 10,060 shares of the company’s stock valued at $3,855,000 after purchasing an additional 1,966 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. 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 available through this link. In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares in the company, valued at approximately $38,455,315.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock worth $30,529,413 over the last three months. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Citigroup decreased their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Rosenblatt Securities reiterated a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research report on Thursday, September 19th. The Goldman Sachs Group reduced their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Stifel Nicolaus lowered their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Trading Down 0.4 %

CRWD stock traded down $1.25 during midday trading on Tuesday, hitting $308.30. 1,725,244 shares of the company’s stock were exchanged, compared to its average volume of 5,174,929. CrowdStrike Holdings, Inc. has a one year low of $170.17 and a one year high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $75.03 billion, a PE ratio of 579.72, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. The stock’s fifty day moving average price is $277.66 and its 200-day moving average price is $308.20.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. Research analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal 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.