Thurston Springer Miller Herd & Titak Inc. Invests $144,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 376 shares of the company’s stock, valued at approximately $144,000.

Other institutional investors have also modified their holdings of the company. Financial Counselors Inc. raised its stake in CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after acquiring an additional 50 shares in the last quarter. Burney Co. acquired a new stake in CrowdStrike during the 1st quarter worth $1,342,000. Turtle Creek Wealth Advisors LLC acquired a new stake in CrowdStrike during the 4th quarter worth $58,000. Saxony Capital Management LLC acquired a new stake in CrowdStrike during the 4th quarter worth $1,756,000. Finally, Los Angeles Capital Management LLC raised its stake in CrowdStrike by 5,210.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock worth $31,810,000 after acquiring an additional 122,244 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the transaction, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. Insiders sold a total of 147,643 shares of company stock valued at $54,992,604 over the last 90 days. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent research reports. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and dropped their price objective for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. Oppenheimer lifted their price objective on shares of CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, June 5th. Rosenblatt Securities dropped their price objective on shares of CrowdStrike from $420.00 to $350.00 and set a “buy” rating on the stock in a research note on Wednesday, July 24th. BMO Capital Markets dropped their price objective on shares of CrowdStrike from $425.00 to $410.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. Finally, 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 report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $351.24.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $9.64 on Tuesday, hitting $231.69. The company’s stock had a trading volume of 10,596,766 shares, compared to its average volume of 5,408,862. CrowdStrike Holdings, Inc. has a 12-month low of $140.52 and a 12-month high of $398.33. The company has a market capitalization of $56.38 billion, a price-to-earnings ratio of 435.69, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a 50 day moving average of $340.16 and a 200-day moving average of $324.50.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $921.04 million during the quarter, compared to analysts’ expectations of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.87 EPS 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.