CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 35.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,186 shares of the company’s stock after acquiring an additional 4,222 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in CrowdStrike were worth $6,294,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the first quarter worth $30,000. Family Firm Inc. bought a new stake in shares of CrowdStrike in the 2nd quarter worth about $30,000. Johnson Financial Group Inc. bought a new position in shares of CrowdStrike during the fourth quarter worth about $31,000. Northwest Bank & Trust Co acquired a new position in CrowdStrike in the fourth quarter worth about $32,000. Finally, Future Financial Wealth Managment LLC bought a new stake in CrowdStrike in the first quarter valued at about $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The disclosure for this sale can be found here. Insiders sold a total of 45,577 shares of company stock worth $16,330,609 over the last ninety days. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Trading Up 8.1 %

Shares of NASDAQ:CRWD opened at $299.85 on Friday. The stock has a market capitalization of $72.97 billion, a price-to-earnings ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1-year low of $157.59 and a 1-year high of $398.33. The company has a 50 day moving average price of $265.90 and a 200 day moving average price of $312.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period in the previous year, the firm earned $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. On average, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on CRWD shares. Wells Fargo & Company reduced their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a report on Monday, July 22nd. Stifel Nicolaus decreased their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. Piper Sandler reissued an “overweight” rating and set a $290.00 target price on shares of CrowdStrike in a report on Thursday. Oppenheimer lowered their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $327.03.

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.