Prime Capital Investment Advisors LLC Grows Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Prime Capital Investment Advisors LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,439 shares of the company’s stock after buying an additional 2,547 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in CrowdStrike were worth $4,050,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Quent Capital LLC grew its holdings in CrowdStrike by 59.9% in the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock valued at $75,000 after purchasing an additional 88 shares during the period. Koshinski Asset Management Inc. boosted its holdings in shares of CrowdStrike by 82.9% in the 1st quarter. Koshinski Asset Management Inc. now owns 1,994 shares of the company’s stock valued at $639,000 after purchasing an additional 904 shares during the last quarter. TBH Global Asset Management LLC purchased a new stake in shares of CrowdStrike during the 1st quarter valued at $435,000. Kingsview Wealth Management LLC increased its holdings in shares of CrowdStrike by 2.6% during the 1st quarter. Kingsview Wealth Management LLC now owns 6,731 shares of the company’s stock worth $2,158,000 after buying an additional 169 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of CrowdStrike in the 1st quarter worth $4,140,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 5,036 shares of CrowdStrike stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $320.48, for a total value of $1,613,937.28. Following the sale, the director now directly owns 816,730 shares in the company, valued at $261,745,630.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now directly owns 174,591 shares in the company, valued at $45,521,111.43. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total value of $1,613,937.28. Following the transaction, the director now owns 816,730 shares of the company’s stock, valued at $261,745,630.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 104,248 shares of company stock worth $31,103,350. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $347.88 on Thursday. The stock has a market capitalization of $85.28 billion, a P/E ratio of 504.17, a P/E/G ratio of 23.22 and a beta of 1.10. The firm’s 50-day moving average price is $292.46 and its two-hundred day moving average price is $309.39. CrowdStrike Holdings, Inc. has a 52-week low of $198.86 and a 52-week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the firm posted $0.06 EPS. The business’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. BMO Capital Markets upped their price target on CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Citigroup dropped their target price on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. DA Davidson reaffirmed a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a research report on Wednesday, September 18th. Guggenheim lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company reduced their target price on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $328.74.

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.