Great Valley Advisor Group Inc. Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Great Valley Advisor Group Inc. boosted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 184.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 7,091 shares of the company’s stock after buying an additional 4,595 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in CrowdStrike were worth $1,989,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Arlington Financial Advisors LLC grew its position in shares of CrowdStrike by 1.5% in the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after buying an additional 30 shares during the period. Sunpointe LLC grew its holdings in CrowdStrike by 3.1% in the third quarter. Sunpointe LLC now owns 1,131 shares of the company’s stock worth $317,000 after purchasing an additional 34 shares during the period. Means Investment CO. Inc. increased its stake in shares of CrowdStrike by 1.8% during the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock valued at $741,000 after purchasing an additional 35 shares in the last quarter. Interchange Capital Partners LLC lifted its holdings in shares of CrowdStrike by 1.1% during the third quarter. Interchange Capital Partners LLC now owns 3,694 shares of the company’s stock valued at $1,036,000 after purchasing an additional 39 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in shares of CrowdStrike by 9.1% in the 3rd quarter. JFS Wealth Advisors LLC now owns 478 shares of the company’s stock worth $134,000 after purchasing an additional 40 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,776 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the transaction, the president now directly owns 400,390 shares in the company, valued at $119,027,939.20. This represents a 2.62 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 55,325 shares of the 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 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 disclosure for this sale can be found here. Insiders sold a total of 108,248 shares of company stock valued at $32,465,110 over the last 90 days. Company insiders own 4.34% of the company’s stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of analyst reports. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. CICC Research started coverage on shares of CrowdStrike in a research note on Monday, November 18th. They issued a “market perform” rating and a $295.00 price target on the stock. Oppenheimer cut their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a research report on Thursday, August 29th. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Truist Financial increased their price target on shares of CrowdStrike from $325.00 to $375.00 and gave the company a “buy” rating in a report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty have assigned a buy rating and four have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $335.62.

CrowdStrike Price Performance

NASDAQ CRWD opened at $372.26 on Monday. The stock has a market cap of $91.25 billion, a price-to-earnings ratio of 539.51, a PEG ratio of 25.88 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $398.33. The company’s 50 day moving average is $308.04 and its two-hundred day moving average is $311.89. 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 released 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. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the company earned $0.06 EPS. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.49 earnings per share for the current year.

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.