Ameritas Investment Partners Inc. Purchases 2,524 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ameritas Investment Partners Inc. raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 38.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,126 shares of the company’s stock after buying an additional 2,524 shares during the period. Ameritas Investment Partners Inc.’s holdings in CrowdStrike were worth $3,497,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the company. Pathstone Holdings LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth $450,418,000. Vanguard Group Inc. raised its position in 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 acquiring an additional 1,028,405 shares during the period. Bank of New York Mellon Corp raised its position in CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after acquiring an additional 564,662 shares during the period. Acadian Asset Management LLC boosted its stake in CrowdStrike by 619.0% in the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after acquiring an additional 477,706 shares during the last quarter. Finally, Frontier Capital Management Co. LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at approximately $100,459,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $299.85 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 twelve month low of $157.59 and a twelve month high of $398.33. The stock has a market cap of $72.97 billion, a P/E ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The firm’s fifty day simple moving average is $265.90 and its 200 day simple moving average is $312.29.

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. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. As a group, research analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other 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 transaction, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was 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 of the company’s stock, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,577 shares of company stock worth $16,330,609. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

CRWD has been the topic of several research analyst reports. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. HSBC raised CrowdStrike from a “hold” rating to a “buy” rating and upped their price target for the company from $302.00 to $339.00 in a research report on Friday, August 30th. Stifel Nicolaus decreased their price objective on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. Barclays upped their price objective on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday, August 29th. Finally, Royal Bank of Canada cut their target price on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. One equities research 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $327.03.

About CrowdStrike

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.