Executive Wealth Management LLC Purchases 74 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Executive Wealth Management LLC raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 3.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,265 shares of the company’s stock after purchasing an additional 74 shares during the quarter. Executive Wealth Management LLC’s holdings in CrowdStrike were worth $868,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Vanguard Group Inc. lifted its stake in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after buying an additional 315,280 shares in the last quarter. Norges Bank bought a new stake in CrowdStrike during the fourth quarter valued at about $683,336,000. First Trust Advisors LP lifted its position in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after acquiring an additional 358,945 shares in the last quarter. Pathstone Holdings LLC bought a new position in shares of CrowdStrike in the fourth quarter worth about $450,418,000. Finally, Bank of New York Mellon Corp grew its position in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after purchasing an additional 564,662 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 1.4 %

NASDAQ:CRWD opened at $257.10 on Friday. The stock has a fifty day simple moving average of $278.75 and a 200-day simple moving average of $314.21. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $62.57 billion, a price-to-earnings ratio of 485.09, a price-to-earnings-growth ratio of 15.68 and a beta of 1.09. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the business posted $0.06 EPS. Analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on CRWD shares. KeyCorp lowered their price target on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. Evercore ISI reduced their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Susquehanna dropped their target price on shares of CrowdStrike from $410.00 to $310.00 and set a “positive” rating for the company in a research report on Thursday, September 5th. Barclays lifted their price target on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $327.16.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the transaction, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock valued at $48,856,294 over the last quarter. 4.34% of the stock is owned by corporate insiders.

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.