Signature Estate & Investment Advisors LLC Purchases 15,161 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Signature Estate & Investment Advisors LLC boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 34.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 58,728 shares of the company’s stock after buying an additional 15,161 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in CrowdStrike were worth $16,471,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new position in shares of CrowdStrike during the 2nd quarter valued at about $25,000. Family Firm Inc. purchased a new position in shares of CrowdStrike during the 2nd quarter worth $30,000. Itau Unibanco Holding S.A. acquired a new position in shares of CrowdStrike in the 2nd quarter valued at approximately $33,000. Unique Wealth Strategies LLC acquired a new position in shares of CrowdStrike during the second quarter valued at approximately $36,000. Finally, Hobbs Group Advisors LLC purchased a new stake in CrowdStrike during the second quarter valued at about $38,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 1.0 %

CRWD stock opened at $344.36 on Friday. The firm’s 50-day moving average is $294.23 and its two-hundred day moving average is $309.66. The company has a market capitalization of $84.41 billion, a price-to-earnings ratio of 499.07, a price-to-earnings-growth ratio of 23.52 and a beta of 1.10. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 52 week low of $198.86 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the firm posted $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the company. Redburn Atlantic cut CrowdStrike from a “neutral” rating to a “sell” rating and cut their price target for the company from $380.00 to $275.00 in a report on Thursday, July 18th. Stifel Nicolaus reduced their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Evercore ISI dropped their price target on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. BNP Paribas started coverage on shares of CrowdStrike in a research note on Tuesday, October 8th. They issued a “neutral” rating and a $285.00 target price on the stock. Finally, Oppenheimer reduced their price objective on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $328.74.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,683 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total value of $500,322.24. Following the sale, the chief accounting officer now owns 38,962 shares of the company’s stock, valued at approximately $11,582,623.36. This represents a 4.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at approximately $329,172,858.52. This represents a 4.75 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 104,248 shares of company stock valued at $31,103,350. Company insiders own 4.34% of the company’s stock.

About CrowdStrike

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.