Sound Income Strategies LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) by 42.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 200 shares of the company’s stock after purchasing an additional 60 shares during the quarter. Sound Income Strategies LLC’s holdings in CrowdStrike were worth $34,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jacobi Capital Management LLC purchased a new position in shares of CrowdStrike during the first quarter worth approximately $414,000. Flagship Harbor Advisors LLC increased its position in shares of CrowdStrike by 6.3% during the first quarter. Flagship Harbor Advisors LLC now owns 4,356 shares of the company’s stock worth $989,000 after acquiring an additional 260 shares during the period. Octavia Wealth Advisors LLC purchased a new position in shares of CrowdStrike during the first quarter worth approximately $294,000. Addison Capital Co purchased a new position in shares of CrowdStrike during the first quarter worth approximately $933,000. Finally, Scotia Capital Inc. increased its holdings in CrowdStrike by 6.1% during the first quarter. Scotia Capital Inc. now owns 1,955 shares of the company’s stock valued at $444,000 after buying an additional 112 shares during the period. 67.43% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
CRWD has been the topic of several research reports. Royal Bank of Canada lifted their price objective on shares of CrowdStrike from $232.00 to $236.00 and gave the company an “outperform” rating in a report on Wednesday, August 31st. Oppenheimer cut their price objective on shares of CrowdStrike from $300.00 to $250.00 and set an “outperform” rating on the stock in a report on Friday, June 3rd. Mizuho lifted their price objective on shares of CrowdStrike to $230.00 in a report on Tuesday, September 6th. Cowen cut their price objective on shares of CrowdStrike to $220.00 in a report on Friday, June 3rd. Finally, Stephens started coverage on shares of CrowdStrike in a report on Wednesday, August 31st. They set an “overweight” rating and a $236.00 price objective on the stock. One research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $241.14.
Insider Buying and Selling at CrowdStrike
CrowdStrike Trading Down 4.4 %
NASDAQ CRWD opened at $171.01 on Monday. The company has a market capitalization of $39.91 billion, a PE ratio of -228.01 and a beta of 1.27. The company has a fifty day moving average of $185.74 and a 200 day moving average of $186.04. CrowdStrike Holdings, Inc. has a 1 year low of $130.00 and a 1 year high of $298.48. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.80 and a quick ratio of 1.80.
CrowdStrike (NASDAQ:CRWD – Get Rating) last released its quarterly earnings data on Tuesday, August 30th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.28 by $0.08. CrowdStrike had a negative net margin of 9.45% and a negative return on equity of 12.96%. The company had revenue of $535.15 million during the quarter, compared to analysts’ expectations of $516.44 million. During the same quarter in the previous year, the company earned ($0.21) earnings per share. The firm’s revenue for the quarter was up 58.5% on a year-over-year basis. Research analysts forecast that CrowdStrike Holdings, Inc. will post -0.75 earnings per share for the current year.
CrowdStrike Company Profile
CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers threat intelligence, managed security services, IT operations management, threat hunting, Zero Trust identity protection, and log management. The company primarily sells subscriptions to its Falcon platform and cloud modules through its direct sales team that leverages its network of channel partners.
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