XTX Topco Ltd Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

XTX Topco Ltd increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 31.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,524 shares of the company’s stock after purchasing an additional 2,759 shares during the period. CrowdStrike accounts for 0.4% of XTX Topco Ltd’s investment portfolio, making the stock its 14th biggest position. XTX Topco Ltd’s holdings in CrowdStrike were worth $4,416,000 as of its most recent SEC filing.

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

CrowdStrike Stock Performance

CRWD stock opened at $267.12 on Thursday. The company has a 50-day simple moving average of $269.19 and a 200 day simple moving average of $312.63. The company has a market capitalization of $65.01 billion, a P/E ratio of 504.00, a PEG ratio of 16.14 and a beta of 1.09. 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 fifty-two week low of $157.59 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $958.27 million. During the same period last year, the firm posted $0.06 earnings per share. The business’s revenue was up 31.7% on a year-over-year basis. Sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CRWD shares. The Goldman Sachs Group decreased their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Needham & Company LLC reiterated a “buy” rating and set a $350.00 price objective on shares of CrowdStrike in a research note on Friday, September 6th. Rosenblatt Securities cut their target price on shares of CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Monday, August 26th. Wells Fargo & Company decreased their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Finally, DA Davidson reissued a “buy” rating and issued a $310.00 price objective on shares of CrowdStrike in a research report on Wednesday. One 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 given a strong buy rating to the company. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.16.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, CEO George Kurtz sold 55,587 shares of the stock in a transaction 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 owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now owns 174,591 shares in the company, valued at $45,521,111.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 130,219 shares of company stock valued at $48,306,394. Corporate 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.