Stratos Wealth Partners LTD. Purchases 2,983 Shares of CrowdStrike $CRWD

Stratos Wealth Partners LTD. grew its holdings in CrowdStrike (NASDAQ:CRWDFree Report) by 13.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 25,135 shares of the company’s stock after buying an additional 2,983 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in CrowdStrike were worth $12,326,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advyzon Investment Management LLC increased its holdings in CrowdStrike by 142.9% in the 2nd quarter. Advyzon Investment Management LLC now owns 906 shares of the company’s stock worth $461,000 after buying an additional 533 shares during the period. Carnegie Investment Counsel boosted its holdings in shares of CrowdStrike by 6.7% in the 3rd quarter. Carnegie Investment Counsel now owns 22,601 shares of the company’s stock valued at $11,083,000 after acquiring an additional 1,428 shares during the last quarter. Silver Oak Securities Incorporated increased its stake in shares of CrowdStrike by 394.8% in the third quarter. Silver Oak Securities Incorporated now owns 2,954 shares of the company’s stock worth $1,449,000 after acquiring an additional 2,357 shares during the period. Traynor Capital Management Inc. raised its holdings in shares of CrowdStrike by 10.9% during the third quarter. Traynor Capital Management Inc. now owns 53,117 shares of the company’s stock worth $26,047,000 after purchasing an additional 5,205 shares during the last quarter. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of CrowdStrike by 7.3% during the third quarter. GPS Wealth Strategies Group LLC now owns 22,253 shares of the company’s stock worth $10,912,000 after purchasing an additional 1,512 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $415.81 on Thursday. The stock has a market capitalization of $104.82 billion, a price-to-earnings ratio of -330.01, a price-to-earnings-growth ratio of 23.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The business has a 50-day moving average of $464.22 and a 200 day moving average of $474.00. CrowdStrike has a 12 month low of $298.00 and a 12 month high of $566.90.

CrowdStrike (NASDAQ:CRWDGet Free Report) last issued its quarterly earnings results on Wednesday, December 3rd. The company reported $0.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.02. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The business’s quarterly revenue was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 11,461 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of $479.78, for a total value of $5,498,758.58. Following the completion of the transaction, the president owned 342,655 shares in the company, valued at $164,399,015.90. The trade was a 3.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Johanna Flower sold 3,000 shares of the stock in a transaction on Thursday, January 15th. The shares were sold at an average price of $461.94, for a total value of $1,385,820.00. Following the completion of the sale, the director owned 76,082 shares in the company, valued at approximately $35,145,319.08. The trade was a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 100,247 shares of company stock worth $45,722,274 over the last three months. 3.32% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CRWD shares. The Goldman Sachs Group increased their price target on CrowdStrike from $535.00 to $564.00 and gave the stock a “buy” rating in a research report on Wednesday, December 3rd. Morgan Stanley boosted their price target on CrowdStrike from $515.00 to $537.00 and gave the company an “equal weight” rating in a report on Thursday, December 18th. Scotiabank reaffirmed an “outperform” rating on shares of CrowdStrike in a report on Wednesday, December 3rd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $630.00 price objective on shares of CrowdStrike in a report on Wednesday, December 3rd. Finally, Sanford C. Bernstein restated a “market perform” rating and set a $353.00 target price on shares of CrowdStrike in a research report on Wednesday, December 3rd. Thirty-one research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $553.73.

Check Out Our Latest Research Report on CrowdStrike

Key CrowdStrike News

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CrowdStrike Company Profile

(Free Report)

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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