Meridian Financial Partners LLC Buys 56 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meridian Financial Partners LLC boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,562 shares of the company’s stock after acquiring an additional 56 shares during the period. CrowdStrike accounts for about 0.8% of Meridian Financial Partners LLC’s holdings, making the stock its 29th biggest position. Meridian Financial Partners LLC’s holdings in CrowdStrike were worth $1,560,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the 2nd quarter worth about $25,000. Family Firm Inc. bought a new position in CrowdStrike in the 2nd quarter worth approximately $30,000. Itau Unibanco Holding S.A. bought a new position in CrowdStrike in the 2nd quarter worth approximately $33,000. Unique Wealth Strategies LLC bought a new stake in CrowdStrike during the 2nd quarter valued at $36,000. Finally, Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike in the first quarter worth $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $310.15 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. CrowdStrike Holdings, Inc. has a 52 week low of $170.17 and a 52 week high of $398.33. The firm has a market capitalization of $75.48 billion, a PE ratio of 585.19, a P/E/G ratio of 19.94 and a beta of 1.10. The company has a 50 day moving average price of $276.25 and a 200-day moving average price of $308.36.

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

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 103,212 shares of company stock valued at $30,529,413 over the last 90 days. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CRWD shares. Barclays lifted their target price on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Sanford C. Bernstein dropped their target price on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. JMP Securities reiterated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Finally, Jefferies Financial Group increased their target price on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

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.