GPS Wealth Strategies Group LLC lessened its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,972 shares of the company's stock after selling 181 shares during the quarter. GPS Wealth Strategies Group LLC's holdings in CrowdStrike were worth $2,187,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Bank of New Hampshire acquired a new position in shares of CrowdStrike during the 1st quarter valued at about $30,000. Core Alternative Capital boosted its position in shares of CrowdStrike by 2,233.3% during the 1st quarter. Core Alternative Capital now owns 140 shares of the company's stock valued at $32,000 after acquiring an additional 134 shares during the last quarter. Proffitt & Goodson Inc. acquired a new position in shares of CrowdStrike during the 1st quarter valued at about $34,000. Riverview Trust Co acquired a new position in shares of CrowdStrike during the 1st quarter valued at about $40,000. Finally, Blue Bell Private Wealth Management LLC boosted its position in shares of CrowdStrike by 74.5% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 178 shares of the company's stock valued at $40,000 after acquiring an additional 76 shares during the last quarter. Institutional investors and hedge funds own 67.43% of the company's stock.
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Wall Street Analyst Weigh In
Several brokerages recently issued reports on CRWD. Stephens began coverage on shares of CrowdStrike in a report on Wednesday, August 31st. They issued an "overweight" rating and a $236.00 price objective on the stock. Needham & Company LLC boosted their price objective on shares of CrowdStrike from $210.00 to $225.00 and gave the company a "buy" rating in a report on Wednesday, August 31st. DA Davidson cut their price target on shares of CrowdStrike from $280.00 to $235.00 and set a "buy" rating on the stock in a research note on Friday, June 3rd. Oppenheimer cut their price target on shares of CrowdStrike from $300.00 to $250.00 and set an "outperform" rating on the stock in a research note on Friday, June 3rd. Finally, Cowen reiterated a "buy" rating and set a $220.00 price target on shares of CrowdStrike in a research note on Wednesday, September 21st. One equities research analyst has rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $241.71.
CrowdStrike Stock Performance
Shares of CRWD stock traded up $4.18 during trading hours on Tuesday, hitting $163.53. The stock had a trading volume of 34,106 shares, compared to its average volume of 4,109,654. The firm has a market capitalization of $38.16 billion, a PE ratio of -212.47 and a beta of 1.27. CrowdStrike Holdings, Inc. has a twelve month low of $130.00 and a twelve month high of $298.48. The stock's 50 day moving average is $184.48 and its 200 day moving average is $185.62. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 1.80.
CrowdStrike (NASDAQ:CRWD – Get Rating) last posted its quarterly earnings data on Tuesday, August 30th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.08. The business had revenue of $535.15 million during the quarter, compared to the consensus estimate of $516.44 million. CrowdStrike had a negative return on equity of 12.96% and a negative net margin of 9.45%. The company's revenue was up 58.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.21) earnings per share. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post -0.76 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, CAO Anurag Saha sold 3,032 shares of the stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $173.67, for a total transaction of $526,567.44. Following the completion of the sale, the chief accounting officer now directly owns 27,999 shares of the company's stock, valued at $4,862,586.33. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 8,823 shares of the stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $173.67, for a total value of $1,532,290.41. Following the completion of the transaction, the insider now owns 174,554 shares in the company, valued at $30,314,793.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anurag Saha sold 3,032 shares of the stock in a transaction on Wednesday, September 21st. The stock was sold at an average price of $173.67, for a total value of $526,567.44. Following the completion of the transaction, the chief accounting officer now owns 27,999 shares of the company's stock, valued at approximately $4,862,586.33. The disclosure for this sale can be found here. Insiders sold a total of 118,114 shares of company stock valued at $20,787,583 over the last three months. 6.82% of the stock is currently owned by company insiders.
About CrowdStrike
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CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
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