Tyche Wealth Partners LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tyche Wealth Partners LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 106.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,438 shares of the company's stock after acquiring an additional 1,772 shares during the period. Tyche Wealth Partners LLC's holdings in CrowdStrike were worth $964,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of CRWD. Burney Co. purchased a new stake in shares of CrowdStrike during the 1st quarter worth $1,342,000. Doliver Advisors LP lifted its position in CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company's stock valued at $1,894,000 after acquiring an additional 4,664 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its position in CrowdStrike by 258.9% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 19,315 shares of the company's stock valued at $5,417,000 after acquiring an additional 13,934 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its position in CrowdStrike by 0.7% in the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company's stock valued at $124,644,000 after acquiring an additional 2,863 shares during the last quarter. Finally, HWG Holdings LP purchased a new stake in CrowdStrike in the second quarter valued at $2,955,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock worth $30,529,413 over the last ninety days. Insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

NASDAQ CRWD traded up $9.62 during trading on Tuesday, hitting $310.94. 3,148,546 shares of the company's stock were exchanged, compared to its average volume of 5,138,575. The stock's 50 day moving average price is $282.06 and its two-hundred day moving average price is $307.81. CrowdStrike Holdings, Inc. has a fifty-two week low of $171.68 and a fifty-two week 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 company has a market cap of $76.22 billion, a PE ratio of 579.87, a P/E/G ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results 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 business had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. During the same period in the prior year, the business posted $0.06 earnings per share. The firm's revenue was up 31.7% on a year-over-year basis. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research reports. Truist Financial reaffirmed a "buy" rating and issued a $325.00 target price on shares of CrowdStrike in a report on Wednesday, August 28th. Raymond James reduced their target price on shares of CrowdStrike from $380.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. Rosenblatt Securities reaffirmed a "buy" rating and issued a $325.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Redburn Atlantic lowered shares of CrowdStrike from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $380.00 to $275.00 in a research note on Thursday, July 18th. Finally, HSBC upgraded shares of CrowdStrike from a "hold" rating to a "buy" rating and boosted their price target for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $328.74.

About CrowdStrike

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.