L & S Advisors Inc Lowers Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

L & S Advisors Inc trimmed its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 56.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,389 shares of the company's stock after selling 21,225 shares during the period. L & S Advisors Inc's holdings in CrowdStrike were worth $6,280,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Axxcess Wealth Management LLC lifted its stake in shares of CrowdStrike by 86.9% in the 2nd quarter. Axxcess Wealth Management LLC now owns 2,880 shares of the company's stock valued at $1,104,000 after purchasing an additional 1,339 shares during the period. Abbot Financial Management Inc. lifted its stake in shares of CrowdStrike by 17.1% in the 2nd quarter. Abbot Financial Management Inc. now owns 2,042 shares of the company's stock valued at $782,000 after purchasing an additional 298 shares during the period. Perennial Investment Advisors LLC lifted its stake in shares of CrowdStrike by 23.8% in the 2nd quarter. Perennial Investment Advisors LLC now owns 2,805 shares of the company's stock valued at $1,075,000 after purchasing an additional 539 shares during the period. Virtu Financial LLC lifted its stake in shares of CrowdStrike by 928.7% in the 2nd quarter. Virtu Financial LLC now owns 24,699 shares of the company's stock valued at $9,464,000 after purchasing an additional 22,298 shares during the period. Finally, Capstone Wealth Management Group LLC lifted its stake in shares of CrowdStrike by 6.1% in the 2nd quarter. Capstone Wealth Management Group LLC now owns 5,306 shares of the company's stock valued at $2,033,000 after purchasing an additional 306 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. DA Davidson boosted their price target on shares of CrowdStrike from $290.00 to $310.00 and gave the stock a "buy" rating in a report on Thursday, August 29th. Needham & Company LLC reissued a "buy" rating and issued a $350.00 price target on shares of CrowdStrike in a report on Friday, September 6th. Morgan Stanley reissued an "overweight" rating and issued a $325.00 price target on shares of CrowdStrike in a report on Monday, September 9th. Stifel Nicolaus cut their price target on shares of CrowdStrike from $400.00 to $300.00 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, FBN Securities raised shares of CrowdStrike to a "strong-buy" rating in a report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $327.16.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the company'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 sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the transaction, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the 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 completion of the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,219 shares of company stock worth $48,306,394. Company insiders own 4.34% of the company's stock.

CrowdStrike Stock Up 0.3 %

Shares of CRWD traded up $0.91 during mid-day trading on Tuesday, hitting $268.72. 2,773,180 shares of the company's stock were exchanged, compared to its average volume of 5,313,093. The company has a market cap of $65.40 billion, a price-to-earnings ratio of 507.02, a P/E/G ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two 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 stock's 50-day moving average is $271.34 and its 200-day moving average is $312.95.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly 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 business had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. On average, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal 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.