Koshinski Asset Management Inc. Boosts Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Koshinski Asset Management Inc. grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,818 shares of the company’s stock after purchasing an additional 161 shares during the quarter. Koshinski Asset Management Inc.’s holdings in CrowdStrike were worth $790,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after buying an additional 60,607 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in shares of CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of CrowdStrike by 0.9% in the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock valued at $426,212,000 after acquiring an additional 9,564 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein cut their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. DA Davidson restated a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a research note on Wednesday, September 18th. Robert W. Baird cut their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, The Goldman Sachs Group decreased their target price on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $325.44.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $310.52 on Tuesday. The business’s 50 day moving average price is $270.55 and its 200 day moving average price is $308.56. The company has a market cap of $75.57 billion, a price-to-earnings ratio of 585.89, a PEG ratio of 19.94 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a one year low of $170.17 and a one year high of $398.33.

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

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the sale, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the company’s 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 transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 92,962 shares of company stock valued at $27,289,518 in the last 90 days. 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.