Fifth Third Wealth Advisors LLC Acquires 12,782 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fifth Third Wealth Advisors LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 659.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 14,721 shares of the company’s stock after acquiring an additional 12,782 shares during the period. Fifth Third Wealth Advisors LLC’s holdings in CrowdStrike were worth $4,129,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new stake in CrowdStrike during the second quarter valued at $25,000. Family Firm Inc. bought a new stake in shares of CrowdStrike in the 2nd quarter valued at $30,000. Itau Unibanco Holding S.A. acquired a new position in shares of CrowdStrike during the 2nd quarter valued at $33,000. Unique Wealth Strategies LLC acquired a new stake in CrowdStrike in the second quarter worth $36,000. Finally, Hobbs Group Advisors LLC bought a new stake in CrowdStrike in the second quarter valued at $38,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 1.8 %

CRWD stock opened at $342.97 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $398.33. The stock has a market capitalization of $84.07 billion, a P/E ratio of 497.06, a P/E/G ratio of 22.77 and a beta of 1.10. The business has a fifty day moving average price of $299.72 and a 200-day moving average price of $310.63.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.06 EPS. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on CRWD shares. UBS Group reduced their target price on CrowdStrike from $330.00 to $310.00 and set a “buy” rating for the company in a research note on Thursday, August 29th. JPMorgan Chase & Co. lowered their target price on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Barclays lifted their price target on CrowdStrike from $295.00 to $372.00 and gave the company an “overweight” rating in a research note on Monday. Citigroup reduced their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Rosenblatt Securities restated a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-one have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $331.90.

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.