EverSource Wealth Advisors LLC Increases Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

EverSource Wealth Advisors LLC increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,518 shares of the company's stock after purchasing an additional 1,590 shares during the period. EverSource Wealth Advisors LLC's holdings in CrowdStrike were worth $4,633,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CRWD. Abich Financial Wealth Management LLC acquired a new position in CrowdStrike in the second quarter valued at about $25,000. Oakworth Capital Inc. acquired a new position in shares of CrowdStrike in the 3rd quarter worth approximately $28,000. Tsfg LLC boosted its position in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company's stock worth $29,000 after purchasing an additional 89 shares during the period. Family Firm Inc. purchased a new stake in CrowdStrike in the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike during the third quarter worth $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $3.14 during midday trading on Wednesday, hitting $350.15. The stock had a trading volume of 2,493,843 shares, compared to its average volume of 4,992,874. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $398.33. 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 stock has a 50 day moving average price of $303.76 and a two-hundred day moving average price of $311.21. The company has a market capitalization of $85.83 billion, a PE ratio of 507.46, a P/E/G ratio of 22.77 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CRWD shares. BNP Paribas started coverage on CrowdStrike in a report on Tuesday, October 8th. They issued a "neutral" rating and a $285.00 price objective on the stock. Raymond James lowered their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. UBS Group cut their target price on shares of CrowdStrike from $330.00 to $310.00 and set a "buy" rating on the stock in a research note on Thursday, August 29th. CICC Research started coverage on shares of CrowdStrike in a research report on Monday. They issued a "market perform" rating and a $295.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on CrowdStrike from $350.00 to $275.00 and set a "hold" rating on the stock in a research note on Monday, August 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-one have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average target price of $333.82.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at approximately $45,521,111.43. This represents a 2.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company's stock, valued at $11,582,623.36. The trade was a 4.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 108,248 shares of company stock worth $32,465,110 over the last 90 days. Company insiders own 4.34% of the company's stock.

CrowdStrike 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.