IRON Financial LLC Invests $778,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

IRON Financial LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the third quarter, HoldingsChannel reports. The fund bought 2,774 shares of the company’s stock, valued at approximately $778,000.

Other hedge funds also recently bought and sold shares of the company. Valeo Financial Advisors LLC increased its position in CrowdStrike by 2.1% during the 1st quarter. Valeo Financial Advisors LLC now owns 3,367 shares of the company’s stock worth $1,080,000 after purchasing an additional 68 shares in the last quarter. Norden Group LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $3,736,000. First Trust Direct Indexing L.P. boosted its stake in shares of CrowdStrike by 10.4% during the 1st quarter. First Trust Direct Indexing L.P. now owns 3,182 shares of the company’s stock worth $1,020,000 after purchasing an additional 300 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in shares of CrowdStrike by 1.1% during the first quarter. Ashton Thomas Private Wealth LLC now owns 11,322 shares of the company’s stock worth $3,630,000 after buying an additional 120 shares in the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of CrowdStrike by 350.8% during the first quarter. Van ECK Associates Corp now owns 12,087 shares of the company’s stock valued at $3,875,000 after buying an additional 9,406 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, 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 transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The transaction 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 the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRWD shares. BMO Capital Markets boosted their price target on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Wedbush set a $330.00 target price on CrowdStrike in a research report on Thursday, October 17th. Royal Bank of Canada lowered their price target on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Robert W. Baird cut their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, Stifel Nicolaus cut their price target on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One investment 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 issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Stock Down 3.6 %

CRWD traded down $11.05 during trading on Thursday, hitting $296.40. The company had a trading volume of 1,307,875 shares, compared to its average volume of 5,107,393. The company has a market cap of $72.66 billion, a PE ratio of 568.32, a P/E/G ratio of 19.94 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 1-year low of $172.58 and a 1-year high of $398.33. The business has a 50-day moving average of $283.63 and a 200-day moving average of $307.82.

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

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.