CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by King Wealth Management Group

King Wealth Management Group increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 26.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,403 shares of the company's stock after buying an additional 1,996 shares during the period. King Wealth Management Group's holdings in CrowdStrike were worth $2,637,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. CIBC Asset Management Inc increased its stake in shares of CrowdStrike by 6.4% during the third quarter. CIBC Asset Management Inc now owns 71,842 shares of the company's stock valued at $20,150,000 after buying an additional 4,303 shares during the period. Broderick Brian C increased its stake in shares of CrowdStrike by 18.4% during the third quarter. Broderick Brian C now owns 10,025 shares of the company's stock valued at $2,812,000 after buying an additional 1,560 shares during the period. OneDigital Investment Advisors LLC grew its stake in CrowdStrike by 26.6% in the third quarter. OneDigital Investment Advisors LLC now owns 4,188 shares of the company's stock valued at $1,175,000 after purchasing an additional 881 shares during the last quarter. Balboa Wealth Partners raised its holdings in CrowdStrike by 94.7% in the third quarter. Balboa Wealth Partners now owns 4,762 shares of the company's stock worth $1,336,000 after purchasing an additional 2,316 shares in the last quarter. Finally, Sycomore Asset Management bought a new position in CrowdStrike in the third quarter worth about $3,055,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded down $7.61 during midday trading on Friday, reaching $336.75. 3,446,832 shares of the company's stock traded hands, compared to its average volume of 5,024,043. CrowdStrike Holdings, Inc. has a 1 year low of $198.86 and a 1 year high of $398.33. The company has a market cap of $82.55 billion, a P/E ratio of 487.16, a PEG ratio of 23.52 and a beta of 1.10. 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 company has a fifty day simple moving average of $295.99 and a two-hundred day simple moving average of $309.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the company earned $0.06 EPS. The firm's revenue was up 31.7% compared to the same quarter last year. Equities analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Barclays boosted their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the stock an "overweight" rating in a report on Thursday, August 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of CrowdStrike from $350.00 to $275.00 and set a "hold" rating for the company in a report on Monday, August 26th. JPMorgan Chase & Co. reduced their target price on shares of CrowdStrike from $400.00 to $330.00 and set an "overweight" rating for the company in a report on Monday, July 29th. JMP Securities reiterated a "market outperform" rating and issued a $400.00 target price on shares of CrowdStrike in a report on Monday, November 4th. Finally, Wells Fargo & Company reduced their target price on shares of CrowdStrike from $435.00 to $350.00 and set an "overweight" rating for the company in a report on Monday, July 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $328.74.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 10,776 shares of the firm's stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $3,203,489.28. Following the completion of the sale, the president now directly owns 400,390 shares of the company's stock, valued at approximately $119,027,939.20. This trade represents a 2.62 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the firm'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 owns 174,591 shares of the company's stock, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,248 shares of company stock valued at $31,103,350. 4.34% of the stock is owned by 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.