Kovack Advisors Inc. Buys 104 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kovack Advisors Inc. lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,188 shares of the company’s stock after acquiring an additional 104 shares during the quarter. Kovack Advisors Inc.’s holdings in CrowdStrike were worth $894,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Oppenheimer Asset Management Inc. grew its position in shares of CrowdStrike by 18.3% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 32,255 shares of the company’s stock valued at $9,047,000 after acquiring an additional 4,989 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of CrowdStrike by 21.6% in the third quarter. Victory Capital Management Inc. now owns 255,194 shares of the company’s stock worth $71,574,000 after acquiring an additional 45,335 shares during the period. Aptus Capital Advisors LLC grew its holdings in CrowdStrike by 11.6% during the 3rd quarter. Aptus Capital Advisors LLC now owns 3,628 shares of the company’s stock valued at $1,018,000 after buying an additional 376 shares in the last quarter. American Assets Inc. purchased a new position in CrowdStrike during the third quarter valued at approximately $561,000. Finally, Prime Capital Investment Advisors LLC grew its position in shares of CrowdStrike by 21.4% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 14,439 shares of the company’s stock valued at $4,050,000 after purchasing an additional 2,547 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 10,776 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the sale, the president now owns 400,390 shares in the company, valued at approximately $119,027,939.20. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 10,776 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the transaction, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 104,248 shares of company stock worth $31,103,350 over the last quarter. Insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on CRWD shares. DA Davidson reissued a “buy” rating and set a $310.00 price objective on shares of CrowdStrike in a report on Wednesday, September 18th. Jefferies Financial Group raised their price objective on CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. Needham & Company LLC began coverage on CrowdStrike in a report on Monday, September 23rd. They set a “buy” rating and a $360.00 price target on the stock. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $347.88 on Thursday. The firm has a fifty day simple moving average of $292.46 and a two-hundred day simple moving average of $309.39. CrowdStrike Holdings, Inc. has a 52 week low of $198.86 and a 52 week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $85.28 billion, a P/E ratio of 504.17, a PEG ratio of 23.22 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the business posted $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. On average, analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share 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.