WealthPLAN Partners LLC Acquires Shares of 652 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

WealthPLAN Partners LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 652 shares of the company’s stock, valued at approximately $250,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its stake in CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after purchasing an additional 358,945 shares during the last quarter. Pathstone Holdings LLC purchased a new position in CrowdStrike during the fourth quarter worth approximately $450,418,000. Bank of New York Mellon Corp boosted its stake in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings in CrowdStrike by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,176,988 shares of the company’s stock valued at $300,509,000 after buying an additional 30,557 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

Shares of CRWD opened at $268.72 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm’s fifty day simple moving average is $271.34 and its 200-day simple moving average is $312.95. The firm has a market capitalization of $65.40 billion, a price-to-earnings ratio of 507.02, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the business earned $0.06 EPS. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Raymond James reduced their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Canaccord Genuity Group dropped their price target on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. Mizuho cut their price target on shares of CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Citigroup decreased their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. Finally, Barclays raised their target price on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $327.16.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 55,587 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the sale, the chief executive officer now owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the sale, the chief executive officer now 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 130,219 shares of company stock valued at $48,306,394 over the last three months. 4.34% of the stock is owned by corporate 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.