MBL Wealth LLC boosted its position in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 5.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,160 shares of the company’s stock after purchasing an additional 60 shares during the period. MBL Wealth LLC’s holdings in CrowdStrike were worth $591,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock worth $2,670,000 after acquiring an additional 2,417 shares in the last quarter. Merit Financial Group LLC lifted its stake in CrowdStrike by 30.2% in the 1st quarter. Merit Financial Group LLC now owns 4,390 shares of the company’s stock worth $1,548,000 after acquiring an additional 1,019 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in CrowdStrike by 8.9% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 539 shares of the company’s stock worth $190,000 after acquiring an additional 44 shares in the last quarter. Signal Advisors Wealth LLC increased its position in CrowdStrike by 14.0% in the 1st quarter. Signal Advisors Wealth LLC now owns 2,465 shares of the company’s stock worth $869,000 after purchasing an additional 302 shares during the last quarter. Finally, Magnus Financial Group LLC increased its position in CrowdStrike by 164.5% in the 1st quarter. Magnus Financial Group LLC now owns 1,865 shares of the company’s stock worth $658,000 after purchasing an additional 1,160 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.
CrowdStrike Price Performance
Shares of CRWD stock opened at $489.88 on Friday. The stock has a 50 day moving average of $446.22 and a two-hundred day moving average of $440.01. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12 month low of $283.80 and a 12 month high of $517.98. The company has a market capitalization of $122.94 billion, a P/E ratio of -411.66, a P/E/G ratio of 115.12 and a beta of 1.19.
Insider Buying and Selling at CrowdStrike
In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the completion of the transaction, the director owned 768,511 shares in the company, valued at $315,335,433.52. This trade represents a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 20,000 shares of CrowdStrike stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total value of $10,000,000.00. Following the completion of the transaction, the president owned 379,116 shares of the company’s stock, valued at approximately $189,558,000. The trade was a 5.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,816 shares of company stock worth $62,606,356 over the last three months. 3.32% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
CRWD has been the topic of several research reports. Rosenblatt Securities reaffirmed a “buy” rating and issued a $490.00 target price on shares of CrowdStrike in a research report on Thursday, September 18th. Piper Sandler dropped their target price on CrowdStrike from $505.00 to $450.00 and set a “neutral” rating on the stock in a research report on Thursday, August 28th. TD Cowen upped their target price on CrowdStrike from $500.00 to $580.00 and gave the stock a “buy” rating in a research report on Friday. New Street Research set a $460.00 target price on CrowdStrike in a research report on Thursday, August 28th. Finally, Capital One Financial upped their target price on CrowdStrike from $495.00 to $519.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $487.11.
Read Our Latest Stock Analysis on CRWD
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.
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