CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Lifted by Xcel Wealth Management LLC

Xcel Wealth Management LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 106.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,010 shares of the company’s stock after buying an additional 2,585 shares during the quarter. Xcel Wealth Management LLC’s holdings in CrowdStrike were worth $1,405,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the second quarter valued at about $25,000. Family Firm Inc. purchased a new position in CrowdStrike in the second quarter valued at about $30,000. Itau Unibanco Holding S.A. acquired a new stake in shares of CrowdStrike in the second quarter worth about $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike in the second quarter worth about $36,000. Finally, Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike in the first quarter worth about $30,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 price target on shares of CrowdStrike in a research report on Monday, September 30th. Sanford C. Bernstein reduced their price target on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. Finally, Evercore ISI cut their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $328.74.

CrowdStrike Trading Down 0.8 %

NASDAQ:CRWD traded down $2.38 during trading hours on Tuesday, hitting $307.17. 1,077,058 shares of the stock were exchanged, compared to its average volume of 5,171,752. The company’s 50 day moving average is $277.66 and its two-hundred day moving average is $308.20. CrowdStrike Holdings, Inc. has a twelve month low of $170.17 and a twelve month 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 $74.75 billion, a P/E ratio of 579.72, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10.

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

Insider Activity

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 103,212 shares of company stock valued at $30,529,413 in the last 90 days. 4.34% of the stock is owned by company insiders.

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.