King Wealth Management Group Has $2.64 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

King Wealth Management Group lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 26.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,403 shares of the company’s stock after acquiring an additional 1,996 shares during the period. King Wealth Management Group’s holdings in CrowdStrike were worth $2,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Beacon Financial Advisory LLC bought a new position in shares of CrowdStrike during the 3rd quarter worth about $955,000. Burney Co. bought a new position in CrowdStrike in the first quarter worth approximately $1,342,000. Doliver Advisors LP grew its stake in CrowdStrike by 223.2% in the third quarter. Doliver Advisors LP now owns 6,754 shares of the company’s stock valued at $1,894,000 after acquiring an additional 4,664 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of CrowdStrike by 10.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 846,189 shares of the company’s stock valued at $237,331,000 after acquiring an additional 78,305 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of CrowdStrike by 0.7% during the third quarter. DekaBank Deutsche Girozentrale now owns 439,865 shares of the company’s stock worth $124,644,000 after purchasing an additional 2,863 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Down 1.0 %

CRWD opened at $344.36 on Friday. The company has a market cap of $84.41 billion, a P/E ratio of 499.07, a P/E/G ratio of 23.52 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12 month low of $198.86 and a 12 month high of $398.33. The business’s 50-day moving average price is $294.23 and its 200-day moving average price is $309.66. 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 (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share 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 firm had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the prior year, the firm posted $0.06 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Analyst Ratings Changes

A number of analysts have commented on the stock. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Robert W. Baird lowered their target price 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. The Goldman Sachs Group cut their price target on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research note on Thursday, August 15th. Wedbush set a $330.00 price objective on CrowdStrike in a research note on Thursday, October 17th. Finally, KeyCorp boosted their price target on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $328.74.

Insiders Place Their Bets

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 shares were sold at an average price of $260.73, for a total value of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,683 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the sale, the chief accounting officer now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 104,248 shares of company stock worth $31,103,350. 4.34% of the stock is currently owned by corporate insiders.

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.