Nwam LLC increased its position in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 14.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,851 shares of the company’s stock after buying an additional 484 shares during the period. Nwam LLC’s holdings in CrowdStrike were worth $1,783,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. AlphaQuest LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at about $26,000. Financial Management Professionals Inc. boosted its stake in shares of CrowdStrike by 91.9% during the second quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock valued at $36,000 after purchasing an additional 34 shares in the last quarter. Wealth Watch Advisors INC purchased a new position in CrowdStrike during the second quarter valued at approximately $37,000. Vision Financial Markets LLC purchased a new position in CrowdStrike during the first quarter valued at approximately $26,000. Finally, American National Bank & Trust raised its stake in CrowdStrike by 7,900.0% in the second quarter. American National Bank & Trust now owns 80 shares of the company’s stock worth $41,000 after buying an additional 79 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.
CrowdStrike Trading Down 0.1%
Shares of NASDAQ:CRWD opened at $556.73 on Wednesday. The business’s 50-day moving average is $492.35 and its 200 day moving average is $469.72. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. CrowdStrike has a 1 year low of $298.00 and a 1 year high of $558.98. The firm has a market capitalization of $139.72 billion, a P/E ratio of -467.84, a P/E/G ratio of 131.02 and a beta of 1.16.
Insider Buying and Selling
In other CrowdStrike news, CFO Burt W. Podbere sold 1,957 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $550.41, for a total transaction of $1,077,152.37. Following the sale, the chief financial officer owned 218,467 shares of the company’s stock, valued at approximately $120,246,421.47. The trade was a 0.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Johanna Flower sold 2,347 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $490.98, for a total transaction of $1,152,330.06. Following the transaction, the director owned 79,057 shares in the company, valued at $38,815,405.86. The trade was a 2.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 116,622 shares of company stock worth $58,561,456 over the last ninety days. Company insiders own 3.32% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on CRWD. Citigroup reaffirmed an “outperform” rating on shares of CrowdStrike in a research report on Tuesday, September 23rd. Canaccord Genuity Group upped their price objective on CrowdStrike from $430.00 to $500.00 and gave the stock a “hold” rating in a research note on Monday, September 22nd. Wells Fargo & Company raised their price objective on CrowdStrike from $550.00 to $600.00 and gave the company an “overweight” rating in a research report on Wednesday, October 1st. Rosenblatt Securities reiterated a “buy” rating and issued a $490.00 target price on shares of CrowdStrike in a research note on Thursday, September 18th. Finally, JMP Securities boosted their target price on shares of CrowdStrike from $500.00 to $550.00 and gave the stock a “market outperform” rating in a report on Tuesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.80.
Get Our Latest Stock Analysis on CrowdStrike
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.
Recommended Stories
- Five stocks we like better than CrowdStrike
- What is the Dogs of the Dow Strategy? Overview and Examples
- CoreWeave’s Guidance Cut: A Buying Opportunity in Disguise?
- How to Buy Gold Stock and Invest in Gold
- Strategy Shares Plunge as Bitcoin Retreats—More Pain Ahead?
- How to Evaluate a Stock Before Buying
- BigBear.ai Stock Is Range-Bound—Wall Street Isn’t Buying the Hype
Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.
