CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Claro Advisors LLC

Claro Advisors LLC lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 35.7% during the third quarter, Holdings Channel.com reports. The firm owned 1,613 shares of the company’s stock after acquiring an additional 424 shares during the period. Claro Advisors LLC’s holdings in CrowdStrike were worth $452,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Abich Financial Wealth Management LLC acquired a new stake in CrowdStrike in the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new stake in shares of CrowdStrike during the second quarter worth $30,000. Itau Unibanco Holding S.A. acquired a new stake in CrowdStrike in the second quarter valued at approximately $33,000. Unique Wealth Strategies LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth about $36,000. Finally, Hobbs Group Advisors LLC bought a new stake in shares of CrowdStrike during the 2nd quarter worth $38,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This trade represents a 4.75 % decrease in their ownership of the stock. The sale 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 on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 108,248 shares of company stock worth $32,465,110. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 1.8 %

CRWD stock opened at $342.97 on Tuesday. The firm has a market capitalization of $84.07 billion, a PE ratio of 497.06, a P/E/G ratio of 22.77 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $398.33. The stock’s 50 day moving average is $299.72 and its 200-day moving average is $310.63.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.06 EPS. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CRWD shares. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Wells Fargo & Company cut their price target on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. Robert W. Baird reduced their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Evercore ISI lowered their price target on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. Finally, Jefferies Financial Group upped their price objective on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $331.90.

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.