Regal Investment Advisors LLC Has $1.21 Million Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Regal Investment Advisors LLC lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,156 shares of the company’s stock after buying an additional 122 shares during the period. Regal Investment Advisors LLC’s holdings in CrowdStrike were worth $1,209,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. Quarry LP raised its holdings in shares of CrowdStrike by 275.0% in the 2nd quarter. Quarry LP now owns 465 shares of the company’s stock valued at $178,000 after purchasing an additional 341 shares during the period. Invst LLC bought a new position in CrowdStrike in the 2nd quarter valued at about $220,000. Northwestern Mutual Wealth Management Co. raised its holdings in CrowdStrike by 4.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 84,725 shares of the company’s stock valued at $32,465,000 after acquiring an additional 3,880 shares during the period. Silver Lake Advisory LLC bought a new position in shares of CrowdStrike during the second quarter worth approximately $231,000. Finally, Nemes Rush Group LLC increased its holdings in shares of CrowdStrike by 3.3% during the second quarter. Nemes Rush Group LLC now owns 6,950 shares of the company’s stock worth $2,663,000 after purchasing an additional 224 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Down 1.9 %

CRWD opened at $280.47 on Tuesday. CrowdStrike Holdings, Inc. has a 1-year low of $160.86 and a 1-year high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $68.26 billion, a P/E ratio of 529.19, a price-to-earnings-growth ratio of 19.60 and a beta of 1.09. The company has a fifty day moving average price of $259.96 and a two-hundred day moving average price of $310.56.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The firm had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business’s revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share. Analysts predict that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Oppenheimer lowered their target price 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. Jefferies Financial Group increased their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. Evercore ISI reduced their price target on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. Finally, FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and a consensus price target of $326.50.

Insider Activity

In other news, CAO Anurag Saha sold 1,683 shares of CrowdStrike stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Anurag Saha sold 1,683 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.28, for a total transaction of $500,322.24. Following the transaction, the chief accounting officer now directly owns 38,962 shares in the company, valued at $11,582,623.36. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. Insiders sold 96,962 shares of company stock worth $28,774,798 over the last three months. 4.34% of the stock is currently owned by insiders.

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.