MFA Wealth Advisors LLC Has $3.63 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MFA Wealth Advisors LLC lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 578.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 12,957 shares of the company’s stock after buying an additional 11,047 shares during the period. CrowdStrike comprises approximately 0.8% of MFA Wealth Advisors LLC’s holdings, making the stock its 29th largest position. MFA Wealth Advisors LLC’s holdings in CrowdStrike were worth $3,634,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Riverview Trust Co bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $36,000. Sunbelt Securities Inc. boosted its stake in CrowdStrike by 65.9% during the first quarter. Sunbelt Securities Inc. now owns 1,274 shares of the company’s stock worth $408,000 after acquiring an additional 506 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in CrowdStrike in the first quarter worth $32,000. Key Client Fiduciary Advisors LLC bought a new stake in CrowdStrike in the first quarter valued at $211,000. Finally, ERn Financial LLC acquired a new position in shares of CrowdStrike during the first quarter valued at about $208,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on CRWD. Truist Financial restated a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a research note on Wednesday, August 28th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Stifel Nicolaus lowered their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. The Goldman Sachs Group reduced their price target 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. Finally, Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. One 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 company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Stock Down 3.0 %

CRWD opened at $299.30 on Thursday. The company’s 50-day moving average price is $279.73 and its two-hundred day moving average price is $308.09. 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 twelve month low of $170.17 and a twelve month high of $398.33. The stock has a market cap of $72.84 billion, a price-to-earnings ratio of 564.72, a PEG ratio of 19.94 and a beta of 1.10.

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

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business’s 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 sale, the insider now directly owns 124,298 shares in the company, valued at approximately $38,455,315.24. 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 this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the completion of the transaction, the insider now directly owns 124,298 shares in the company, valued at approximately $38,455,315.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,683 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 $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $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 90 days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is 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.