Valmark Advisers Inc. Takes $354,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Valmark Advisers Inc. bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, according to its most recent filing with the SEC. The firm bought 925 shares of the company’s stock, valued at approximately $354,000.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares during the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike in the fourth quarter worth approximately $683,336,000. First Trust Advisors LP lifted its holdings in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after purchasing an additional 358,945 shares in the last quarter. Pathstone Holdings LLC purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $450,418,000. Finally, Bank of New York Mellon Corp grew its holdings in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CRWD. Morgan Stanley dropped their price objective on CrowdStrike from $360.00 to $325.00 and set an “overweight” rating on the stock in a research note on Thursday, August 15th. Oppenheimer cut their price target on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Hsbc Global Res raised shares of CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday. FBN Securities raised shares of CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Finally, Barclays increased their price target on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $329.47.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, President Michael Sentonas sold 10,735 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now owns 411,166 shares of the company’s stock, valued at $156,502,114.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,219 shares of company stock worth $48,856,294. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 2.1 %

CRWD opened at $277.28 on Tuesday. The firm has a market capitalization of $67.48 billion, a P/E ratio of 523.18, a price-to-earnings-growth ratio of 13.44 and a beta of 1.10. CrowdStrike Holdings, Inc. has a one year low of $145.38 and a one year high of $398.33. The company has a fifty day moving average price of $299.86 and a 200-day moving average price of $317.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping 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 analysts’ expectations of $958.27 million. During the same period in the previous year, the business earned $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current fiscal year.

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.