Vanguard Personalized Indexing Management LLC Boosts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Vanguard Personalized Indexing Management LLC lifted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,116 shares of the company’s stock after buying an additional 634 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in CrowdStrike were worth $3,110,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CRWD. Pathstone Holdings LLC purchased a new stake in CrowdStrike in the 4th quarter worth approximately $450,418,000. Vanguard Group Inc. raised its position in shares of CrowdStrike by 7.0% in the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after buying an additional 564,662 shares during the period. Acadian Asset Management LLC grew its position in CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after buying an additional 477,706 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new position in CrowdStrike in the 4th quarter worth about $100,459,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CRWD. Oppenheimer dropped their price target on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Wedbush reiterated an “outperform” rating and set a $315.00 target price on shares of CrowdStrike in a research report on Friday, August 9th. Truist Financial restated a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. TD Cowen cut their target price on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Finally, UBS Group lowered their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.03.

CrowdStrike Price Performance

CRWD opened at $277.38 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The company has a market cap of $67.50 billion, a price-to-earnings ratio of 523.36, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The stock has a fifty day simple moving average of $267.33 and a two-hundred day simple moving average of $312.39. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33.

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

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of the business’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $374.99, for a total value of $3,028,794.23. Following the sale, the insider now directly owns 187,091 shares of the company’s stock, valued at $70,157,254.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the transaction, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Shawn Henry sold 8,077 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $374.99, for a total value of $3,028,794.23. Following the sale, the insider now owns 187,091 shares in the company, valued at $70,157,254.09. The disclosure for this sale can be found here. Insiders sold a total of 45,577 shares of company stock valued at $16,330,609 in the last 90 days. Corporate insiders own 4.34% of the company’s stock.

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.