Icon Wealth Advisors LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Icon Wealth Advisors LLC boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3,218.2% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 56,907 shares of the company’s stock after acquiring an additional 55,192 shares during the period. CrowdStrike comprises approximately 0.6% of Icon Wealth Advisors LLC’s investment portfolio, making the stock its 21st largest position. Icon Wealth Advisors LLC’s holdings in CrowdStrike were worth $15,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of CRWD. Quent Capital LLC boosted its position in shares of CrowdStrike by 59.9% during the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after purchasing an additional 88 shares during the period. EntryPoint Capital LLC purchased a new position in shares of CrowdStrike during the first quarter worth $103,000. EP Wealth Advisors LLC raised its holdings in shares of CrowdStrike by 56.4% in the 1st quarter. EP Wealth Advisors LLC now owns 5,043 shares of the company’s stock valued at $1,617,000 after buying an additional 1,818 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of CrowdStrike by 81.5% in the 1st quarter. Axxcess Wealth Management LLC now owns 1,541 shares of the company’s stock valued at $494,000 after buying an additional 692 shares during the period. Finally, Advisors Asset Management Inc. lifted its stake in CrowdStrike by 3.4% during the 1st quarter. Advisors Asset Management Inc. now owns 7,754 shares of the company’s stock worth $2,486,000 after acquiring an additional 253 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, 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 completion of the transaction, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $340.44, for a total transaction of $1,361,760.00. Following the sale, the insider now owns 120,298 shares in the company, valued at $40,954,251.12. The trade was a 3.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock worth $32,465,110 over the last 90 days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $357.55 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The business has a 50 day simple moving average of $305.77 and a 200-day simple moving average of $311.53. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The stock has a market capitalization of $87.65 billion, a PE ratio of 518.19, a price-to-earnings-growth ratio of 23.89 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 EPS. Equities analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CRWD. Piper Sandler reissued an “overweight” rating and issued a $290.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Jefferies Financial Group boosted their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Sanford C. Bernstein reduced their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. DA Davidson restated a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. Finally, BMO Capital Markets lifted their price objective on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have given a buy rating and four have given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $334.33.

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.