Waterloo Capital L.P. Purchases 85 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Waterloo Capital L.P. raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,392 shares of the company’s stock after buying an additional 85 shares during the quarter. Waterloo Capital L.P.’s holdings in CrowdStrike were worth $533,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC raised its position in CrowdStrike by 110.0% during the fourth quarter. Quadrant Capital Group LLC now owns 378 shares of the company’s stock valued at $97,000 after purchasing an additional 198 shares in the last quarter. TrinityPoint Wealth LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth $277,000. Dynamic Technology Lab Private Ltd acquired a new stake in CrowdStrike in the fourth quarter valued at about $583,000. PNC Financial Services Group Inc. grew its position in CrowdStrike by 16.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 40,603 shares of the company’s stock valued at $10,367,000 after acquiring an additional 5,884 shares during the last quarter. Finally, Coldstream Capital Management Inc. acquired a new position in CrowdStrike during the fourth quarter worth about $508,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at approximately $424,576,497.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction on Friday, June 21st. The shares were sold at an average price of $376.45, for a total transaction 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 approximately $424,576,497.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 130,219 shares of company stock valued at $48,306,394. 4.34% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Susquehanna reduced their price target on shares of CrowdStrike from $410.00 to $310.00 and set a “positive” rating on the stock in a research note on Thursday, September 5th. DA Davidson reaffirmed a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a research note on Wednesday. Rosenblatt Securities dropped their price target on CrowdStrike from $350.00 to $330.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group dropped their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $327.16.

CrowdStrike Trading Down 0.6 %

NASDAQ CRWD opened at $267.12 on Thursday. 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 Holdings, Inc. has a 52 week low of $157.59 and a 52 week high of $398.33. The business has a 50 day moving average price of $269.19 and a 200-day moving average price of $312.63. The company has a market cap of $65.01 billion, a price-to-earnings ratio of 504.00, a P/E/G ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.06 EPS. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

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.