Spire Wealth Management Acquires 3,553 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Spire Wealth Management increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,039 shares of the company’s stock after acquiring an additional 3,553 shares during the quarter. Spire Wealth Management’s holdings in CrowdStrike were worth $10,349,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Family Firm Inc. bought a new stake in CrowdStrike during the 2nd quarter valued at about $30,000. Unique Wealth Strategies LLC bought a new stake in CrowdStrike during the 2nd quarter valued at about $36,000. Trivant Custom Portfolio Group LLC bought a new stake in CrowdStrike during the 1st quarter valued at about $30,000. Hobbs Group Advisors LLC bought a new stake in CrowdStrike during the 2nd quarter valued at about $38,000. Finally, Hexagon Capital Partners LLC bought a new stake in CrowdStrike during the 4th quarter valued at about $26,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Canaccord Genuity Group reduced their price objective on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a research note on Thursday. BMO Capital Markets lifted their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday. DA Davidson lifted their price target on shares of CrowdStrike from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday. The Goldman Sachs Group reduced their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Finally, Truist Financial restated a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $329.47.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company’s 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 transaction, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 130,219 shares of company stock worth $48,856,294. Insiders own 4.34% of the company’s stock.

CrowdStrike Trading Up 2.1 %

Shares of CRWD traded up $5.61 during midday trading on Friday, hitting $277.28. The stock had a trading volume of 6,616,984 shares, compared to its average volume of 6,307,208. CrowdStrike Holdings, Inc. has a 1 year low of $145.38 and a 1 year high of $398.33. The firm has a market cap of $67.48 billion, a PE ratio of 523.18, a price-to-earnings-growth ratio of 13.44 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.80. The stock’s 50 day moving average is $301.88 and its 200 day moving average is $318.17.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. As a group, analysts forecast that CrowdStrike Holdings, Inc. will post 0.81 EPS for the current fiscal year.

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.