Quantum Private Wealth LLC Has $2.32 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Quantum Private Wealth LLC increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 55.8% in the third quarter, HoldingsChannel reports. The firm owned 8,254 shares of the company’s stock after buying an additional 2,957 shares during the period. CrowdStrike makes up 0.8% of Quantum Private Wealth LLC’s portfolio, making the stock its 23rd largest position. Quantum Private Wealth LLC’s holdings in CrowdStrike were worth $2,315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Abich Financial Wealth Management LLC bought a new position in CrowdStrike during the second quarter worth about $25,000. Oakworth Capital Inc. bought a new stake in shares of CrowdStrike in the third quarter valued at approximately $28,000. Tsfg LLC boosted its stake in shares of CrowdStrike by 593.3% in the third quarter. Tsfg LLC now owns 104 shares of the company’s stock valued at $29,000 after buying an additional 89 shares during the period. Family Firm Inc. acquired a new position in CrowdStrike during the second quarter valued at approximately $30,000. Finally, Castleview Partners LLC acquired a new position in CrowdStrike during the third quarter valued at approximately $32,000. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Royal Bank of Canada lowered their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Canaccord Genuity Group restated a “buy” rating and issued a $330.00 price objective on shares of CrowdStrike in a report on Monday, September 30th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $329.40 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $189.12 and a fifty-two week high of $398.33. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The firm has a fifty day moving average price of $287.38 and a 200 day moving average price of $308.22. The firm has a market cap of $80.75 billion, a price-to-earnings ratio of 479.39, a P/E/G ratio of 20.21 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The business 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. As a group, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total value of $1,237,520.00. Following the transaction, the insider now owns 124,298 shares of the company’s stock, valued at $38,455,315.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction that occurred on Monday, September 23rd. The shares were 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 in the company, valued at approximately $329,172,858.52. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $309.38, for a total transaction of $1,237,520.00. Following the sale, the insider now owns 124,298 shares of the company’s stock, valued at approximately $38,455,315.24. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 103,212 shares of company stock valued at $30,529,413 in the last 90 days. Company insiders own 4.34% of the company’s stock.

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.