Xcel Wealth Management LLC Buys 1,878 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Xcel Wealth Management LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 91.6% in the third quarter, HoldingsChannel.com reports. The firm owned 3,928 shares of the company’s stock after purchasing an additional 1,878 shares during the period. Xcel Wealth Management LLC’s holdings in CrowdStrike were worth $539,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. World Asset Management Inc increased its holdings in shares of CrowdStrike by 31.3% in the third quarter. World Asset Management Inc now owns 2,728 shares of the company’s stock worth $375,000 after purchasing an additional 651 shares during the period. M&T Bank Corp bought a new position in shares of CrowdStrike in the second quarter worth $279,000. Raymond James Financial Services Advisors Inc. increased its holdings in shares of CrowdStrike by 103.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 58,305 shares of the company’s stock worth $5,847,000 after purchasing an additional 29,632 shares during the period. ETRADE Capital Management LLC increased its holdings in shares of CrowdStrike by 69.9% in the second quarter. ETRADE Capital Management LLC now owns 8,648 shares of the company’s stock worth $867,000 after purchasing an additional 3,559 shares during the period. Finally, Deutsche Bank AG bought a new position in shares of CrowdStrike in the first quarter worth $480,000. 66.06% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:CRWD traded down $4.16 on Friday, reaching $123.20. 109,390 shares of the company traded hands, compared to its average volume of 5,802,271. The business’s 50-day simple moving average is $137.68 and its 200 day simple moving average is $106.19. CrowdStrike Holdings, Inc. has a 52 week low of $31.95 and a 52 week high of $153.90. The stock has a market capitalization of $27.95 billion, a P/E ratio of -225.51 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, September 2nd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $198.97 million for the quarter, compared to analysts’ expectations of $188.56 million. CrowdStrike had a negative return on equity of 14.99% and a negative net margin of 17.27%. The company’s revenue for the quarter was up 84.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.18) earnings per share. On average, analysts expect that CrowdStrike Holdings, Inc. will post -0.52 earnings per share for the current fiscal year.

CRWD has been the topic of several research analyst reports. Stifel Nicolaus upped their price target on shares of CrowdStrike from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, October 19th. Barclays upped their price target on shares of CrowdStrike from $114.00 to $130.00 and gave the stock an “overweight” rating in a report on Monday, August 31st. JPMorgan Chase & Co. upped their price target on shares of CrowdStrike from $120.00 to $160.00 in a report on Thursday, September 3rd. Truist increased their target price on CrowdStrike from $120.00 to $170.00 in a research note on Thursday, September 3rd. Finally, JMP Securities increased their target price on CrowdStrike from $130.00 to $160.00 and gave the company a “market outperform” rating in a research note on Thursday, September 3rd. Eight analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. CrowdStrike presently has an average rating of “Buy” and a consensus price target of $132.46.

In other news, Director Gerhard Watzinger sold 30,000 shares of the stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $133.89, for a total transaction of $4,016,700.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 218,313 shares of the stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $144.22, for a total transaction of $31,485,100.86. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,240,326 shares of company stock valued at $156,514,142. 11.32% of the stock is currently owned by company insiders.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cloud-delivered solutions for next-generation endpoint protection in the United States, Australia, Germany, India, Romania, and the United Kingdom. It offers 11 cloud modules on its Falcon platform through a software as a service subscription-based model that covers various security markets, such as endpoint security, security and IT operations, and threat intelligence to deliver comprehensive breach protection even against today's most sophisticated attacks.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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