Private Advisor Group LLC Buys 2,623 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Private Advisor Group LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,303 shares of the company’s stock after acquiring an additional 2,623 shares during the quarter. Private Advisor Group LLC’s holdings in CrowdStrike were worth $2,890,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CRWD. Coppell Advisory Solutions Corp. bought a new stake in CrowdStrike during the fourth quarter worth approximately $25,000. Blue Bell Private Wealth Management LLC increased its stake in CrowdStrike by 173.1% during the second quarter. Blue Bell Private Wealth Management LLC now owns 213 shares of the company’s stock worth $31,000 after acquiring an additional 135 shares during the last quarter. WealthPLAN Partners LLC bought a new stake in CrowdStrike during the first quarter worth approximately $38,000. Northwest Capital Management Inc bought a new position in shares of CrowdStrike during the second quarter valued at approximately $46,000. Finally, KB Financial Partners LLC bought a new position in shares of CrowdStrike during the first quarter valued at approximately $54,000. 63.53% of the stock is owned by institutional investors.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $200.06, for a total value of $3,000,900.00. Following the sale, the director now owns 852,949 shares in the company, valued at approximately $170,640,976.94. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Burt W. Podbere sold 30,500 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $200.00, for a total transaction of $6,100,000.00. Following the transaction, the chief financial officer now owns 336,881 shares in the company, valued at approximately $67,376,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $200.06, for a total value of $3,000,900.00. Following the transaction, the director now owns 852,949 shares in the company, valued at approximately $170,640,976.94. The disclosure for this sale can be found here. Insiders sold 151,083 shares of company stock valued at $26,680,472 over the last quarter. 5.68% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

CRWD has been the topic of a number of analyst reports. Citigroup upped their target price on CrowdStrike from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Rosenblatt Securities upped their target price on CrowdStrike from $190.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, September 21st. Wells Fargo & Company upped their target price on CrowdStrike from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, August 28th. Needham & Company LLC boosted their price target on CrowdStrike from $200.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, September 21st. Finally, HSBC began coverage on CrowdStrike in a report on Friday, September 15th. They issued a “buy” rating and a $200.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average target price of $194.08.

CrowdStrike Trading Up 0.3 %

CrowdStrike stock opened at $207.73 on Tuesday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 0.40. CrowdStrike Holdings, Inc. has a 52 week low of $92.25 and a 52 week high of $210.09. The company has a market capitalization of $49.60 billion, a price-to-earnings ratio of -506.66, a price-to-earnings-growth ratio of 17.92 and a beta of 0.93. The stock has a 50-day moving average price of $179.55 and a 200 day moving average price of $160.27.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 30th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.07. CrowdStrike had a negative return on equity of 4.05% and a negative net margin of 3.54%. The firm had revenue of $731.63 million during the quarter, compared to the consensus estimate of $725.44 million. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.32 EPS for the current year.

About CrowdStrike

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.