Angeles Wealth Management LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Angeles Wealth Management LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 931 shares of the company’s stock, valued at approximately $357,000.

A number of other institutional investors have also modified their holdings of CRWD. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike in the first quarter valued at approximately $30,000. Family Firm Inc. acquired a new position in shares of CrowdStrike in the second quarter valued at approximately $30,000. Johnson Financial Group Inc. acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $31,000. Northwest Bank & Trust Co acquired a new position in shares of CrowdStrike in the fourth quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of CrowdStrike in the first quarter valued at approximately $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent research reports. Argus decreased their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a research note on Friday, August 30th. JPMorgan Chase & Co. decreased their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research note on Monday, July 29th. Barclays lifted their price target on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Rosenblatt Securities decreased their price target on CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Finally, Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $327.16.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $253.53 on Thursday. The stock has a market cap of $61.70 billion, a price-to-earnings ratio of 478.36, a price-to-earnings-growth ratio of 15.68 and a beta of 1.09. The business has a fifty day moving average of $281.35 and a 200-day moving average of $314.61. CrowdStrike Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS 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 analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.06 earnings per share. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was 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 directly owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the company’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 completion of the sale, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now owns 18,297 shares of the company’s stock, valued at $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 worth $48,856,294. 4.34% of the stock is currently owned by 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.