LJI Wealth Management LLC Buys 340 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LJI Wealth Management LLC increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 55.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 954 shares of the company’s stock after buying an additional 340 shares during the quarter. LJI Wealth Management LLC’s holdings in CrowdStrike were worth $268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Abich Financial Wealth Management LLC purchased a new stake in shares of CrowdStrike in the second quarter valued at about $25,000. Oakworth Capital Inc. bought a new stake in CrowdStrike in the 3rd quarter worth about $28,000. Tsfg LLC lifted its position in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after buying an additional 89 shares in the last quarter. Family Firm Inc. purchased a new position in shares of CrowdStrike in the 2nd quarter worth approximately $30,000. Finally, Castleview Partners LLC bought a new position in shares of CrowdStrike in the third quarter valued at approximately $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. This trade represents a 4.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,248 shares of company stock valued at $32,465,110. Insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CRWD. Truist Financial reiterated a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. Morgan Stanley reissued an “overweight” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Monday, September 9th. Raymond James decreased their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. The Goldman Sachs Group dropped their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research note on Thursday, August 15th. Finally, Stifel Nicolaus decreased their price target on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Friday, August 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $7.61 during midday trading on Friday, hitting $336.75. The company had a trading volume of 3,460,547 shares, compared to its average volume of 5,024,086. The stock’s fifty day moving average price is $297.79 and its 200-day moving average price is $310.13. CrowdStrike Holdings, Inc. has a 52-week low of $198.86 and a 52-week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $82.55 billion, a PE ratio of 488.04, a P/E/G ratio of 23.52 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million for 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%. The company’s revenue was up 31.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 EPS. As a group, research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 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.