GYL Financial Synergies LLC Acquires New Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

GYL Financial Synergies LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 762 shares of the company’s stock, valued at approximately $292,000.

Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after acquiring an additional 315,280 shares in the last quarter. Norges Bank acquired a new stake in CrowdStrike during the fourth quarter valued at $683,336,000. First Trust Advisors LP increased its stake in shares of CrowdStrike by 19.3% in the 4th 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 stake in shares of CrowdStrike in the fourth quarter valued at approximately $450,418,000. Finally, Wells Fargo & Company MN increased its holdings in CrowdStrike by 2.7% in the 4th quarter. Wells Fargo & Company MN now owns 1,176,988 shares of the company’s stock worth $300,509,000 after acquiring an additional 30,557 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

CrowdStrike stock opened at $271.54 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike Holdings, Inc. has a fifty-two week low of $141.97 and a fifty-two week high of $398.33. The stock has a fifty day moving average of $313.54 and a two-hundred day moving average of $319.89. The company has a market capitalization of $66.08 billion, a price-to-earnings ratio of 512.34, a PEG ratio of 11.79 and a beta of 1.10.

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

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. KeyCorp reduced their target price on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Citigroup lowered their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Tuesday, July 23rd. BTIG Research cut CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $400.00 target price on shares of CrowdStrike in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $337.58.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 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 value of $632,607.06. Following the completion of 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the firm’s 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 11,154 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $379.81, for a total value of $4,236,400.74. Following the completion of the sale, the chief financial officer now owns 297,650 shares of the company’s stock, valued at approximately $113,050,446.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 130,219 shares of company stock valued at $48,856,294. Company insiders own 4.34% of the company’s stock.

CrowdStrike Company 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.