GDS Wealth Management lifted its stake in CrowdStrike (NASDAQ:CRWD – Free Report) by 27.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,041 shares of the company’s stock after purchasing an additional 5,023 shares during the period. GDS Wealth Management’s holdings in CrowdStrike were worth $11,735,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of CRWD. Vision Financial Markets LLC acquired a new stake in shares of CrowdStrike in the 1st quarter valued at $26,000. AlphaQuest LLC acquired a new stake in CrowdStrike in the second quarter worth about $26,000. Neo Ivy Capital Management bought a new stake in CrowdStrike during the 1st quarter worth about $30,000. Financial Gravity Companies Inc. acquired a new position in CrowdStrike during the 2nd quarter valued at about $33,000. Finally, Saudi Central Bank acquired a new stake in shares of CrowdStrike during the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 71.16% of the company’s stock.
CrowdStrike Trading Up 1.3%
NASDAQ CRWD opened at $520.59 on Thursday. The firm has a market cap of $130.65 billion, a P/E ratio of -437.47, a P/E/G ratio of 120.71 and a beta of 1.16. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.88 and a quick ratio of 1.88. The stock’s 50-day moving average is $505.50 and its 200-day moving average is $473.58. CrowdStrike has a one year low of $298.00 and a one year high of $566.90.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price objective on shares of CrowdStrike from $430.00 to $435.00 and gave the company a “hold” rating in a report on Thursday, September 18th. Royal Bank Of Canada increased their price target on CrowdStrike from $540.00 to $621.00 and gave the company an “outperform” rating in a research note on Wednesday, November 12th. Macquarie lifted their price objective on CrowdStrike from $465.00 to $485.00 and gave the stock a “neutral” rating in a research note on Friday, September 19th. Wells Fargo & Company increased their target price on CrowdStrike from $550.00 to $600.00 and gave the company an “overweight” rating in a research note on Wednesday, October 1st. Finally, Capital One Financial boosted their target price on CrowdStrike from $519.00 to $599.00 and gave the stock an “overweight” rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $537.49.
View Our Latest Stock Analysis on CRWD
Insider Activity at CrowdStrike
In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the sale, the director owned 768,511 shares of the company’s stock, valued at $315,335,433.52. This represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Michael Sentonas sold 20,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the sale, the president owned 379,116 shares in the company, valued at approximately $189,558,000. The trade was a 5.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 116,622 shares of company stock worth $58,561,456 over the last ninety days. 3.32% of the stock is owned by corporate insiders.
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.
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