Signature Estate & Investment Advisors LLC Buys 15,161 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Signature Estate & Investment Advisors LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 34.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 58,728 shares of the company's stock after acquiring an additional 15,161 shares during the quarter. Signature Estate & Investment Advisors LLC's holdings in CrowdStrike were worth $16,471,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the 2nd quarter valued at about $25,000. Oakworth Capital Inc. purchased a new stake in CrowdStrike during the 3rd quarter worth approximately $28,000. Tsfg LLC boosted its stake in shares of CrowdStrike by 593.3% during the 3rd quarter. Tsfg LLC now owns 104 shares of the company's stock valued at $29,000 after buying an additional 89 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the second quarter worth approximately $30,000. Finally, Castleview Partners LLC bought a new stake in shares of CrowdStrike in the third quarter worth $32,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,683 shares of the firm's stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company's stock, valued at $11,582,623.36. This trade represents a 4.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction on Monday, September 16th. The stock was 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 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. Over the last quarter, insiders have sold 104,248 shares of company stock worth $31,103,350. Corporate insiders own 4.34% of the company's stock.

CrowdStrike Price Performance

CRWD stock traded down $7.61 during midday trading on Friday, reaching $336.75. The company had a trading volume of 3,457,968 shares, compared to its average volume of 5,024,086. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a 1-year low of $198.86 and a 1-year high of $398.33. The company has a market capitalization of $82.55 billion, a price-to-earnings ratio of 487.16, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10. The stock has a 50 day moving average price of $295.99 and a 200-day moving average price of $309.90.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data 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. 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 analysts' expectations of $958.27 million. During the same period in the prior year, the company earned $0.06 EPS. The firm's quarterly revenue was up 31.7% compared to the same quarter last year. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on CRWD shares. BMO Capital Markets raised their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an "outperform" rating in a report on Thursday, August 29th. Wells Fargo & Company cut their price objective on CrowdStrike from $435.00 to $350.00 and set an "overweight" rating on the stock in a research note on Monday, July 22nd. Raymond James lowered their price target on CrowdStrike from $380.00 to $275.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. HSBC upgraded CrowdStrike from a "hold" rating to a "buy" rating and raised their price objective for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. Finally, Guggenheim lowered shares of CrowdStrike from a "buy" rating to a "neutral" rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $328.74.

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.