Capital Advisors Inc. OK Sells 949 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Capital Advisors Inc. OK cut its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 33.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,888 shares of the company’s stock after selling 949 shares during the period. Capital Advisors Inc. OK’s holdings in CrowdStrike were worth $530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Abich Financial Wealth Management LLC bought a new position in shares of CrowdStrike in the second quarter worth $25,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $30,000. Itau Unibanco Holding S.A. acquired a new position in CrowdStrike during the second quarter valued at approximately $33,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike in the 2nd quarter valued at $36,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike in the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several research analyst reports. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. Barclays upped their price objective on shares of CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research report on Thursday, August 29th. Evercore ISI cut their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. JPMorgan Chase & Co. lowered their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Finally, DA Davidson reiterated a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Trading Up 2.1 %

CRWD opened at $303.13 on Friday. The firm has a market capitalization of $74.31 billion, a PE ratio of 439.32, a P/E/G ratio of 20.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a fifty-two week low of $178.35 and a fifty-two week high of $398.33. The company’s 50-day moving average is $284.85 and its 200 day moving average is $307.83.

CrowdStrike (NASDAQ:CRWD) last posted its 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the company earned $0.06 earnings per share. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the transaction, the insider now directly owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike 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 sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. This trade represents a 0.00 % decrease in their ownership of the stock. The sale 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 company’s stock in a transaction 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 owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This trade 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 worth $30,529,413 in the last quarter. 4.34% of the stock is currently owned by corporate insiders.

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.