Baltimore Washington Financial Advisors Inc. Purchases 9,140 Shares of CrowdStrike $CRWD

Baltimore Washington Financial Advisors Inc. raised its position in CrowdStrike (NASDAQ:CRWD) by 39.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,253 shares of the company’s stock after acquiring an additional 9,140 shares during the period. Baltimore Washington Financial Advisors Inc.’s holdings in CrowdStrike were worth $16,427,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in CrowdStrike by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 23,430,572 shares of the company’s stock worth $11,933,425,000 after buying an additional 596,007 shares during the last quarter. Geode Capital Management LLC boosted its holdings in CrowdStrike by 5.0% in the second quarter. Geode Capital Management LLC now owns 5,728,167 shares of the company’s stock worth $2,903,752,000 after acquiring an additional 273,922 shares in the last quarter. Laurel Wealth Advisors LLC boosted its holdings in CrowdStrike by 54,635.9% in the second quarter. Laurel Wealth Advisors LLC now owns 4,293,484 shares of the company’s stock worth $2,186,714,000 after acquiring an additional 4,285,640 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of CrowdStrike by 52.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,771,424 shares of the company’s stock worth $977,149,000 after acquiring an additional 955,529 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of CrowdStrike by 39.9% during the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock valued at $939,747,000 after acquiring an additional 760,222 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Price Performance

Shares of CRWD opened at $501.54 on Thursday. The business’s 50-day moving average is $511.66 and its two-hundred day moving average is $476.13. The company has a market capitalization of $125.87 billion, a P/E ratio of -421.46, a P/E/G ratio of 120.40 and a beta of 1.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.88. CrowdStrike has a fifty-two week low of $298.00 and a fifty-two week high of $566.90.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, August 27th. The company reported $0.93 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.10. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. CrowdStrike had a negative return on equity of 1.53% and a negative net margin of 6.84%.The company’s revenue was up 21.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 earnings per share. Research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other news, President Michael Sentonas sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $500.00, for a total transaction of $10,000,000.00. Following the sale, the president owned 379,116 shares of the company’s stock, valued at $189,558,000. This trade represents a 5.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, September 4th. The shares were sold at an average price of $410.32, for a total transaction of $2,564,500.00. Following the transaction, the director directly owned 768,511 shares of the company’s stock, valued at approximately $315,335,433.52. This trade represents a 0.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 116,622 shares of company stock valued at $58,561,456. Insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on CRWD. Evercore ISI lifted their target price on shares of CrowdStrike from $405.00 to $430.00 in a research note on Thursday, September 18th. BMO Capital Markets raised their price target on shares of CrowdStrike from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, September 18th. TD Cowen boosted their price objective on shares of CrowdStrike from $500.00 to $580.00 and gave the company a “buy” rating in a report on Friday, October 3rd. KeyCorp upped their target price on CrowdStrike from $495.00 to $510.00 and gave the company an “overweight” rating in a research report on Thursday, September 18th. Finally, Bank of America raised their target price on CrowdStrike from $470.00 to $535.00 and gave the stock a “neutral” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating, sixteen have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $543.75.

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.