Catalyst Capital Advisors LLC lifted its stake in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 8.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,822 shares of the company’s stock after purchasing an additional 667 shares during the period. Catalyst Capital Advisors LLC’s holdings in CrowdStrike were worth $4,493,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Financial Management Professionals Inc. lifted its position in shares of CrowdStrike by 91.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock worth $36,000 after buying an additional 34 shares during the last quarter. Cloud Capital Management LLC bought a new position in CrowdStrike in the first quarter worth about $25,000. Vision Financial Markets LLC bought a new stake in CrowdStrike in the first quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC lifted its position in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Finally, American National Bank & Trust lifted its position in CrowdStrike by 7,900.0% in the 2nd quarter. American National Bank & Trust now owns 80 shares of the company’s stock valued at $41,000 after purchasing an additional 79 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.
CrowdStrike Price Performance
Shares of NASDAQ:CRWD opened at $521.98 on Friday. The company’s fifty day moving average is $461.36 and its two-hundred day moving average is $452.92. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.20. CrowdStrike has a 12-month low of $294.68 and a 12-month high of $522.43. The company has a market cap of $131.00 billion, a P/E ratio of -438.63, a price-to-earnings-growth ratio of 117.52 and a beta of 1.19.
Wall Street Analyst Weigh In
CRWD has been the topic of a number of recent analyst reports. JMP Securities lifted their price target on CrowdStrike from $500.00 to $550.00 and gave the company a “market outperform” rating in a report on Tuesday, September 23rd. Bank of America lifted their target price on CrowdStrike from $470.00 to $535.00 and gave the company a “neutral” rating in a research note on Monday. Daiwa Capital Markets lifted their target price on CrowdStrike from $475.00 to $530.00 and gave the company an “outperform” rating in a research note on Wednesday, September 24th. New Street Research set a $460.00 price target on shares of CrowdStrike in a research report on Thursday, August 28th. Finally, Cantor Fitzgerald boosted their target price on CrowdStrike from $475.00 to $500.00 and gave the stock an “overweight” rating in a report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $496.47.
Read Our Latest Analysis on CrowdStrike
Insiders Place Their Bets
In other news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $410.32, for a total value of $2,564,500.00. Following the transaction, the director owned 768,511 shares in the company, valued at $315,335,433.52. This represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 42,267 shares of the company’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 158,090 shares of company stock worth $75,500,649 over the last quarter. Company insiders own 3.32% 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.
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