J.W. Cole Advisors Inc. Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

J.W. Cole Advisors Inc. lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 47.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,272 shares of the company's stock after acquiring an additional 3,323 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in CrowdStrike were worth $3,936,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in CRWD. Burney Co. acquired a new stake in shares of CrowdStrike in the first quarter valued at $1,342,000. Principal Financial Group Inc. lifted its position in shares of CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company's stock worth $114,360,000 after purchasing an additional 242,052 shares in the last quarter. BNP Paribas acquired a new position in shares of CrowdStrike in the first quarter valued at approximately $2,685,000. Swedbank AB purchased a new position in CrowdStrike in the 1st quarter valued at approximately $73,972,000. Finally, Coldstream Capital Management Inc. acquired a new position in shares of CrowdStrike in the fourth quarter worth $508,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business's stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the sale, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the company's stock in a transaction dated 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 sale, the president now owns 411,166 shares of the company's stock, valued at $156,502,114.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the firm's stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares of the company's stock, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock valued at $48,856,294 in the last ninety days. Corporate insiders own 4.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Truist Financial reiterated a "buy" rating and issued a $325.00 target price on shares of CrowdStrike in a report on Wednesday, August 28th. DA Davidson raised their target price on shares of CrowdStrike from $290.00 to $310.00 and gave the company a "buy" rating in a report on Thursday, August 29th. The Goldman Sachs Group lowered their price target on shares of CrowdStrike from $400.00 to $295.00 and set a "buy" rating for the company in a report on Thursday, August 15th. FBN Securities upgraded shares of CrowdStrike to a "strong-buy" rating in a report on Wednesday, June 5th. Finally, Royal Bank of Canada cut their price target on CrowdStrike from $345.00 to $335.00 and set an "outperform" rating on the stock in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $327.16.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $2.03 during trading hours on Friday, hitting $259.13. The company's stock had a trading volume of 2,133,928 shares, compared to its average volume of 5,336,531. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week high of $398.33. 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 business's 50-day moving average is $276.14 and its two-hundred day moving average is $313.73. The company has a market capitalization of $63.06 billion, a PE ratio of 488.92, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (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 business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the firm posted $0.06 EPS. The business'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 0.56 EPS for the current fiscal year.

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.