Heritage Oak Wealth Advisors LLC Takes $631,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Heritage Oak Wealth Advisors LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 3rd quarter, HoldingsChannel reports. The institutional investor bought 2,251 shares of the company’s stock, valued at approximately $631,000.

Other institutional investors have also recently made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike during the 2nd quarter worth about $25,000. Oakworth Capital Inc. purchased a new stake in shares of CrowdStrike in the third quarter worth about $28,000. Tsfg LLC grew its holdings in CrowdStrike by 593.3% during the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after acquiring an additional 89 shares during the period. Trivant Custom Portfolio Group LLC purchased a new position in CrowdStrike during the first quarter valued at approximately $30,000. Finally, Family Firm Inc. acquired a new position in CrowdStrike in the second quarter valued at approximately $30,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD stock opened at $304.47 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 company has a market capitalization of $74.10 billion, a PE ratio of 574.47, a price-to-earnings-growth ratio of 19.94 and a beta of 1.10. The firm’s 50-day moving average is $279.73 and its two-hundred day moving average is $308.09. CrowdStrike Holdings, Inc. has a 12 month low of $170.17 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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 analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 earnings per share. Analysts predict that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRWD. Stifel Nicolaus cut their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. Needham & Company LLC began coverage on shares of CrowdStrike in a report on Monday, September 23rd. They issued a “buy” rating and a $360.00 price objective for the company. Wells Fargo & Company lowered their target price on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Oppenheimer cut their price target on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Raymond James reduced their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated 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 transaction, the insider now owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on 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 owns 124,298 shares of the company’s stock, valued at $38,455,315.24. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders 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.