Sheaff Brock Investment Advisors LLC Acquires 400 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sheaff Brock Investment Advisors LLC increased its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 11.7% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,831 shares of the company’s stock after buying an additional 400 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in CrowdStrike were worth $1,074,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its stake in shares of CrowdStrike by 17,926.3% during the 3rd quarter. International Assets Investment Management LLC now owns 925,831 shares of the company’s stock worth $259,668,000 after acquiring an additional 920,695 shares during the period. Bank of New York Mellon Corp increased its stake in shares of CrowdStrike by 47.5% in 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. Acadian Asset Management LLC raised its position in shares of CrowdStrike by 619.0% in the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after purchasing an additional 477,706 shares during the period. Assenagon Asset Management S.A. boosted its holdings in CrowdStrike by 248.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 521,198 shares of the company’s stock worth $146,180,000 after buying an additional 371,695 shares during the period. Finally, Vanguard Group Inc. grew its stake in CrowdStrike by 2.0% in 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. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 2.2 %

NASDAQ CRWD opened at $336.75 on Friday. The stock has a market cap of $82.55 billion, a P/E ratio of 488.04, a P/E/G ratio of 23.52 and a beta of 1.10. The stock’s fifty day moving average price is $297.79 and its 200-day moving average price is $310.13. CrowdStrike Holdings, Inc. has a 12 month low of $198.86 and a 12 month high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26.

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 company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 earnings per share. As a group, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO George Kurtz sold 55,325 shares of the firm’s 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. This represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,248 shares of company stock worth $32,465,110. 4.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Argus reduced their target price on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a report on Friday, August 30th. Scotiabank reduced their price target on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 14th. BMO Capital Markets increased their price objective on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. JPMorgan Chase & Co. dropped their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Finally, HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and upped their price objective for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $328.74.

About CrowdStrike

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.