Farther Finance Advisors LLC Boosts Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Farther Finance Advisors LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 53.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,206 shares of the company’s stock after purchasing an additional 1,464 shares during the quarter. Farther Finance Advisors LLC’s holdings in CrowdStrike were worth $1,180,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Burney Co. acquired a new position in CrowdStrike during the first quarter worth $1,342,000. Doliver Advisors LP grew its stake in shares of CrowdStrike by 223.2% during the 3rd quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock worth $1,894,000 after purchasing an additional 4,664 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in shares of CrowdStrike by 0.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock valued at $124,644,000 after purchasing an additional 2,863 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of CrowdStrike by 258.9% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 19,315 shares of the company’s stock valued at $5,417,000 after purchasing an additional 13,934 shares during the period. Finally, HWG Holdings LP purchased a new stake in CrowdStrike during the second quarter worth about $2,955,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’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 value of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Price Performance

CrowdStrike stock opened at $303.13 on Monday. The firm has a fifty day moving average of $284.85 and a 200-day moving average of $307.93. CrowdStrike Holdings, Inc. has a 52-week low of $178.35 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 firm has a market capitalization of $74.31 billion, a P/E ratio of 439.32, a PEG ratio of 20.07 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.06 EPS. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRWD. HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and lifted their price target for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and decreased their price objective for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 30th. Finally, BMO Capital Markets lifted their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $328.74.

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.