San Luis Wealth Advisors LLC Buys Shares of 718 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

San Luis Wealth Advisors LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 718 shares of the company’s stock, valued at approximately $201,000.

Other institutional investors have also added to or reduced their stakes in the company. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the 2nd quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike in the 1st quarter worth $30,000. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the second quarter worth about $30,000. Northwest Bank & Trust Co bought a new position in shares of CrowdStrike during the 4th quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC purchased a new position in CrowdStrike in the first quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Up 1.7 %

Shares of CRWD opened at $320.21 on Friday. 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 stock has a fifty day simple moving average of $268.78 and a two-hundred day simple moving average of $308.87. CrowdStrike Holdings, Inc. has a 52-week low of $170.17 and a 52-week high of $398.33. The company has a market capitalization of $78.49 billion, a PE ratio of 464.07, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of recent analyst reports. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their target price for the company from $302.00 to $339.00 in a research note on Friday, August 30th. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and cut their price objective for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Jefferies Financial Group upped their target price on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. Finally, Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $325.44.

Insider Buying and Selling

In related news, President Michael Sentonas sold 10,776 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the transaction, the president now owns 400,390 shares of the company’s stock, valued at approximately $119,027,939.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, President Michael Sentonas sold 10,776 shares of the stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the sale, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 96,962 shares of company stock valued at $28,774,798. Company insiders own 4.34% of the company’s stock.

CrowdStrike Company 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.