Brookstone Capital Management Has $16.22 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Brookstone Capital Management raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 12.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,710 shares of the company’s stock after purchasing an additional 5,087 shares during the quarter. Brookstone Capital Management’s holdings in CrowdStrike were worth $16,224,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Arlington Financial Advisors LLC grew its holdings in CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after buying an additional 30 shares in the last quarter. Saturna Capital Corp boosted its position in shares of CrowdStrike by 2.7% in the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after acquiring an additional 33 shares during the period. Shepherd Financial Partners LLC grew its stake in shares of CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after acquiring an additional 36 shares in the last quarter. Venturi Wealth Management LLC raised its stake in CrowdStrike by 2.2% in the 1st quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock worth $582,000 after purchasing an additional 39 shares in the last quarter. Finally, Albion Financial Group UT boosted its holdings in CrowdStrike by 3.7% in the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after purchasing an additional 39 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Up 0.8 %

CrowdStrike stock traded up $2.05 during midday trading on Friday, reaching $262.54. The stock had a trading volume of 3,495,619 shares, compared to its average volume of 5,425,888. The company has a fifty day moving average price of $324.93 and a two-hundred day moving average price of $320.96. The company has a market capitalization of $63.89 billion, a P/E ratio of 495.36, a PEG ratio of 11.79 and a beta of 1.10. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. CrowdStrike Holdings, Inc. has a 12 month low of $140.52 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the business’s 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 completion of the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,587 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the transaction, the chief executive officer now owns 1,127,843 shares in the company, valued at $424,576,497.35. The disclosure for this sale can be found here. Insiders have sold 135,643 shares of company stock worth $50,749,324 in the last quarter. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CRWD shares. Oppenheimer lifted their price target on shares of CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research report on Wednesday, June 5th. BMO Capital Markets reduced their target price on CrowdStrike from $410.00 to $290.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. dropped their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Finally, Robert W. Baird dropped their target price on shares of CrowdStrike from $350.00 to $335.00 and set an “outperform” rating for the company in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $338.08.

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.