Octavia Wealth Advisors LLC Grows Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

by · The Cerbat Gem

Octavia Wealth Advisors LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Free Report) by 15.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,290 shares of the company’s stock after purchasing an additional 301 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in CrowdStrike were worth $642,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of CRWD. Abich Financial Wealth Management LLC purchased a new position in CrowdStrike in the 2nd quarter worth approximately $25,000. Trivant Custom Portfolio Group LLC purchased a new position in CrowdStrike in the 1st quarter worth approximately $30,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike during the 2nd quarter worth approximately $30,000. Northwest Bank & Trust Co acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $32,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth approximately $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares in the company, valued at approximately $67,985,350.12. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Anurag Saha sold 1,683 shares of the 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 of the company’s stock, valued at $11,582,623.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares of the company’s stock, valued at $67,985,350.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 96,962 shares of company stock worth $28,774,798. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $320.21 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a 1 year low of $170.17 and a 1 year high of $398.33. The company has a market capitalization of $78.49 billion, a PE ratio of 464.07, a P/E/G ratio of 19.94 and a beta of 1.10. The company has a fifty day moving average of $268.78 and a two-hundred day moving average of $308.87.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the firm earned $0.06 earnings per share. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, analysts expect that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Guggenheim downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. BMO Capital Markets raised their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. KeyCorp raised their price target on shares of CrowdStrike from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Monday, September 23rd. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a report on Thursday, September 19th. Finally, Oppenheimer cut their price target on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $325.44.

Check Out Our Latest Analysis on CrowdStrike

CrowdStrike Profile

(Free Report)

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.

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