Everhart Financial Group Inc. Grows Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

by · The Cerbat Gem

Everhart Financial Group Inc. raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) by 20.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,459 shares of the company’s stock after buying an additional 423 shares during the period. Everhart Financial Group Inc.’s holdings in CrowdStrike were worth $942,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Premier Path Wealth Partners LLC boosted its holdings in CrowdStrike by 45.8% in the second quarter. Premier Path Wealth Partners LLC now owns 1,502 shares of the company’s stock valued at $576,000 after purchasing an additional 472 shares during the last quarter. Secure Asset Management LLC raised its position in shares of CrowdStrike by 14.4% in the 2nd quarter. Secure Asset Management LLC now owns 4,880 shares of the company’s stock valued at $1,870,000 after purchasing an additional 615 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in shares of CrowdStrike during the second quarter worth approximately $73,481,000. Unique Wealth Strategies LLC acquired a new stake in shares of CrowdStrike during the second quarter worth approximately $36,000. Finally, Louisiana State Employees Retirement System increased its stake in shares of CrowdStrike by 76.4% in the second quarter. Louisiana State Employees Retirement System now owns 31,400 shares of the company’s stock worth $12,032,000 after buying an additional 13,600 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the transaction, the chief executive officer now owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $3.90 during mid-day trading on Friday, reaching $271.54. 3,240,606 shares of the stock were exchanged, compared to its average volume of 5,396,045. CrowdStrike Holdings, Inc. has a 1-year low of $141.97 and a 1-year high of $398.33. The firm has a market capitalization of $66.08 billion, a PE ratio of 512.34, a PEG ratio of 11.79 and a beta of 1.10. The business has a fifty day moving average price of $313.54 and a 200 day moving average price of $319.89. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last posted its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The company had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRWD. Canaccord Genuity Group reissued a “buy” rating and set a $405.00 price objective on shares of CrowdStrike in a report on Monday, July 22nd. Mizuho decreased their price target on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Citigroup lowered their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, August 14th. Scotiabank reduced their target price on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Finally, Morgan Stanley decreased their target price on CrowdStrike from $360.00 to $325.00 and set an “overweight” rating for the company in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus target price of $337.58.

Get Our Latest Analysis on CrowdStrike

CrowdStrike Company Profile

(Free Report)

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.

Further Reading

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