Johnson Investment Counsel Inc. Invests $239,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Johnson Investment Counsel Inc. bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 624 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CRWD. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike during the first quarter valued at about $30,000. Family Firm Inc. purchased a new position in CrowdStrike during the 2nd quarter valued at about $30,000. Johnson Financial Group Inc. bought a new position in CrowdStrike during the 4th quarter valued at approximately $31,000. Northwest Bank & Trust Co purchased a new stake in CrowdStrike in the 4th quarter worth approximately $32,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Trading Up 0.8 %

Shares of CRWD stock opened at $259.13 on Monday. CrowdStrike Holdings, Inc. has a 1 year low of $157.59 and a 1 year high of $398.33. The firm has a fifty day moving average price of $276.14 and a 200-day moving average price of $313.67. The company has a market cap of $63.06 billion, a price-to-earnings ratio of 488.92, a PEG ratio of 16.14 and a beta of 1.09. 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 (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the prior year, the business posted $0.06 earnings per share. The business’s quarterly revenue was up 31.7% on a year-over-year basis. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Kurtz sold 55,587 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the transaction, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The disclosure for this sale can be found here. Insiders sold a total of 125,719 shares of company stock worth $47,133,109 over the last three months. 4.34% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CRWD. Royal Bank of Canada decreased their target price on CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. BMO Capital Markets raised their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Cantor Fitzgerald decreased their price target on shares of CrowdStrike from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Finally, Jefferies Financial Group decreased their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $327.16.

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.