CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Holdings Raised by Ieq Capital LLC

Ieq Capital LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 570,166 shares of the company’s stock after purchasing an additional 37,487 shares during the quarter. CrowdStrike comprises about 2.9% of Ieq Capital LLC’s investment portfolio, making the stock its 9th largest position. Ieq Capital LLC owned about 0.23% of CrowdStrike worth $218,482,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CRWD. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at $30,000. Family Firm Inc. purchased a new stake in shares of CrowdStrike in the second quarter valued at $30,000. Johnson Financial Group Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter valued at $31,000. Northwest Bank & Trust Co purchased a new stake in shares of CrowdStrike in the fourth quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CrowdStrike in the first quarter valued at $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 3.8 %

CRWD stock opened at $277.38 on Friday. 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 firm has a 50 day moving average of $267.33 and a 200 day moving average of $312.39. The stock has a market capitalization of $67.50 billion, a PE ratio of 523.36, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 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 in the previous year, the business posted $0.06 EPS. The business’s quarterly revenue was up 31.7% compared to the same quarter last year. Sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on 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 directly owns 183,091 shares in the company, valued at approximately $67,985,350.12. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the transaction, the insider now directly owns 183,091 shares in the company, valued at approximately $67,985,350.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,577 shares of company stock worth $16,330,609. Company insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CRWD. DA Davidson reissued a “buy” rating and issued a $310.00 target price on shares of CrowdStrike in a research note on Wednesday. The Goldman Sachs Group cut their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. TD Cowen cut their price target on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Oppenheimer cut their price target on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Finally, HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and upped their price target for the stock from $302.00 to $339.00 in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $327.03.

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.