Creative Planning Has $60.83 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Creative Planning boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,740 shares of the company's stock after buying an additional 7,543 shares during the period. Creative Planning owned approximately 0.07% of CrowdStrike worth $60,828,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of CRWD. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the second quarter valued at about $25,000. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike in the first quarter worth approximately $30,000. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the second quarter worth $30,000. Northwest Bank & Trust Co purchased a new stake in shares of CrowdStrike in the fourth quarter worth $32,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CrowdStrike in the first quarter worth $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO George Kurtz sold 55,325 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the transaction, the chief executive officer now owns 1,109,746 shares of the company's stock, valued at $329,172,858.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now owns 38,962 shares of the company's stock, valued at $11,582,623.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now directly owns 1,109,746 shares of the company's stock, valued at approximately $329,172,858.52. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 111,962 shares of company stock valued at $34,477,948. Insiders own 4.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Needham & Company LLC initiated coverage on shares of CrowdStrike in a research note on Monday, September 23rd. They set a "buy" rating and a $360.00 target price for the company. Barclays lifted their price objective on shares of CrowdStrike from $285.00 to $295.00 and gave the company an "overweight" rating in a report on Thursday, August 29th. Truist Financial reiterated a "buy" rating and set a $325.00 price objective on shares of CrowdStrike in a report on Wednesday, August 28th. BTIG Research downgraded shares of CrowdStrike from a "buy" rating to a "neutral" rating in a research report on Monday, July 22nd. Finally, DA Davidson reissued a "buy" rating and set a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $326.50.

CrowdStrike Stock Up 1.6 %

NASDAQ:CRWD traded up $4.38 on Friday, hitting $285.86. 2,896,384 shares of the company's stock were exchanged, compared to its average volume of 5,338,588. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a 50-day moving average price of $259.63 and a 200-day moving average price of $311.04. The company has a market cap of $69.57 billion, a P/E ratio of 539.36, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 52 week low of $160.86 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its 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. The firm had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business's revenue was up 31.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.06 EPS. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 0.53 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.