CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Parcion Private Wealth LLC

Parcion Private Wealth LLC lifted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 99.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,746 shares of the company’s stock after purchasing an additional 869 shares during the period. Parcion Private Wealth LLC’s holdings in CrowdStrike were worth $490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CRWD. MCF Advisors LLC purchased a new position in CrowdStrike during the first quarter valued at approximately $32,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of CrowdStrike by 83.5% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 3,620 shares of the company’s stock worth $1,161,000 after buying an additional 1,647 shares during the last quarter. Grimes & Company Inc. acquired a new stake in shares of CrowdStrike in the first quarter worth $236,000. Atticus Wealth Management LLC raised its stake in CrowdStrike by 972.7% during the 1st quarter. Atticus Wealth Management LLC now owns 118 shares of the company’s stock valued at $38,000 after purchasing an additional 107 shares during the last quarter. Finally, Founders Financial Securities LLC raised its stake in CrowdStrike by 5.7% during the 1st quarter. Founders Financial Securities LLC now owns 1,483 shares of the company’s stock valued at $475,000 after purchasing an additional 80 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CRWD. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $330.00 target price on shares of CrowdStrike in a report on Monday, September 30th. Raymond James decreased their price objective on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Robert W. Baird decreased their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Barclays upped their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. Finally, Stifel Nicolaus cut their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. One investment 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 assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and a consensus target price of $328.74.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $300.62 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $170.17 and a 1-year high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $281.37 and a 200 day simple moving average of $307.96. The stock has a market capitalization of $73.16 billion, a PE ratio of 567.21, a P/E/G ratio of 19.94 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $958.27 million. During the same quarter last year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the sale, the chief accounting officer now owns 38,962 shares in the company, valued at approximately $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the sale, the chief accounting officer now directly owns 38,962 shares in the company, valued at approximately $11,582,623.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 103,212 shares of company stock worth $30,529,413. 4.34% of the stock is owned by corporate insiders.

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.