Whitaker Myers Wealth Managers LTD. Buys Shares of 1,049 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Whitaker Myers Wealth Managers LTD. bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,049 shares of the company’s stock, valued at approximately $294,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its stake in CrowdStrike by 47.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after acquiring an additional 564,662 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in shares of CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after purchasing an additional 477,706 shares during the period. Vanguard Group Inc. grew its position in CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares in the last quarter. Principal Financial Group Inc. increased its stake in CrowdStrike by 429.2% in the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock valued at $114,360,000 after buying an additional 242,052 shares during the period. Finally, Swedbank AB purchased a new stake in CrowdStrike in the 1st quarter worth approximately $73,972,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.1 %

CRWD opened at $310.15 on Friday. The company has a market capitalization of $75.48 billion, a P/E ratio of 585.19, a P/E/G ratio of 19.94 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 1.90. The firm’s fifty day moving average price is $276.25 and its two-hundred day moving average price is $308.28. CrowdStrike Holdings, Inc. has a fifty-two week low of $170.17 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results 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 business had revenue of $963.87 million for the quarter, compared to analysts’ expectations 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 in the previous year, the firm posted $0.06 earnings per share. On average, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on CRWD shares. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price target on shares of CrowdStrike in a research note on Thursday, September 19th. DA Davidson reaffirmed a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research report on Wednesday, September 18th. BMO Capital Markets lifted their price target on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. Scotiabank dropped their price objective on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, Canaccord Genuity Group reiterated a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a research note on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $328.74.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $320.38, for a total value of $2,002,375.00. Following the sale, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $320.38, for a total value of $2,002,375.00. Following the transaction, the director now directly owns 821,766 shares in the company, valued at $263,277,391.08. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the firm’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 transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 103,212 shares of company stock worth $30,529,413 in the last 90 days. 4.34% of the stock is owned by company 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.