CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Holdings Raised by Palumbo Wealth Management LLC

Palumbo Wealth Management LLC increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 17.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,721 shares of the company’s stock after purchasing an additional 398 shares during the quarter. Palumbo Wealth Management LLC’s holdings in CrowdStrike were worth $763,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CRWD. Nikulski Financial Inc. bought a new position in shares of CrowdStrike in the 3rd quarter worth about $1,359,000. Meitav Investment House Ltd. lifted its holdings in CrowdStrike by 170.5% in the third quarter. Meitav Investment House Ltd. now owns 1,983 shares of the company’s stock worth $536,000 after acquiring an additional 1,250 shares during the last quarter. Catalyst Financial Partners LLC boosted its stake in CrowdStrike by 46.4% in the third quarter. Catalyst Financial Partners LLC now owns 833 shares of the company’s stock valued at $234,000 after acquiring an additional 264 shares during the period. Goldstone Financial Group LLC bought a new position in shares of CrowdStrike during the third quarter valued at approximately $214,000. Finally, Financial Advocates Investment Management raised its position in shares of CrowdStrike by 39.5% during the 3rd quarter. Financial Advocates Investment Management now owns 7,695 shares of the company’s stock worth $2,158,000 after purchasing an additional 2,180 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 2.5 %

Shares of CRWD stock traded down $7.62 on Thursday, reaching $299.83. 546,664 shares of the company’s stock traded hands, compared to its average volume of 5,103,786. The company has a market capitalization of $73.50 billion, a P/E ratio of 580.09, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12-month low of $172.58 and a 12-month 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 business’s 50 day moving average price is $283.63 and its two-hundred day moving average price is $307.82.

CrowdStrike (NASDAQ:CRWD) last released its 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. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. On average, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent research reports. Sanford C. Bernstein lowered their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Oppenheimer reduced their target price on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Argus decreased their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Redburn Atlantic downgraded CrowdStrike from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Finally, TD Cowen cut their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One 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 issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $328.74.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 10,776 shares of the business’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the transaction, the president now directly owns 400,390 shares in the company, valued at $119,027,939.20. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the sale, the president now directly owns 400,390 shares of the company’s stock, valued at $119,027,939.20. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at $11,582,623.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is currently owned by company insiders.

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.