SeaCrest Wealth Management LLC Has $1.11 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SeaCrest Wealth Management LLC trimmed its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 31.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,952 shares of the company’s stock after selling 1,845 shares during the period. SeaCrest Wealth Management LLC’s holdings in CrowdStrike were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the 2nd quarter valued at $25,000. Tsfg LLC increased its position in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock worth $29,000 after purchasing an additional 89 shares during the period. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike in the first quarter valued at about $30,000. Family Firm Inc. bought a new stake in CrowdStrike during the second quarter worth about $30,000. Finally, Future Financial Wealth Managment LLC bought a new position in CrowdStrike in the 1st quarter valued at about $32,000. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction 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 $329,172,858.52. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction 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 directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is owned by company insiders.

CrowdStrike Trading Up 1.3 %

Shares of CrowdStrike stock opened at $306.24 on Thursday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $74.53 billion, a P/E ratio of 577.81, a P/E/G ratio of 19.94 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 52-week low of $170.17 and a 52-week high of $398.33. The stock’s 50-day simple moving average is $273.47 and its 200 day simple moving average is $308.41.

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

Analysts Set New Price Targets

CRWD has been the topic of several research reports. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. DA Davidson reiterated a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a report on Wednesday, September 18th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. Needham & Company LLC started coverage on CrowdStrike in a research report on Monday, September 23rd. They set a “buy” rating and a $360.00 price objective on the stock. Finally, Guggenheim cut 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 assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $325.44.

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.