Sands Capital Ventures LLC Has $85,000 Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sands Capital Ventures LLC reduced its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 20.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 221 shares of the company’s stock after selling 58 shares during the quarter. CrowdStrike accounts for about 0.0% of Sands Capital Ventures LLC’s investment portfolio, making the stock its 19th largest holding. Sands Capital Ventures LLC’s holdings in CrowdStrike were worth $85,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the 1st quarter worth approximately $30,000. Family Firm Inc. acquired a new position in shares of CrowdStrike in the second quarter valued at approximately $30,000. Johnson Financial Group Inc. bought a new stake in shares of CrowdStrike during the fourth quarter worth $31,000. Northwest Bank & Trust Co acquired a new stake in shares of CrowdStrike during the fourth quarter worth $32,000. Finally, Future Financial Wealth Managment LLC bought a new stake in CrowdStrike in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research reports. Oppenheimer lowered their target price on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and set a $350.00 price objective on shares of CrowdStrike in a report on Friday, September 6th. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. JPMorgan Chase & Co. reduced their price target on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. Finally, Scotiabank lowered their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.03.

CrowdStrike Trading Up 8.1 %

Shares of CRWD stock opened at $299.85 on Friday. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33. The company has a market capitalization of $72.97 billion, a PE ratio of 565.75, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The firm has a 50 day moving average price of $265.90 and a two-hundred day moving average price of $312.29. 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 (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. 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 EPS. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Activity

In related news, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $374.99, for a total transaction of $3,028,794.23. Following the transaction, 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 legal filing with the SEC, which is available through this hyperlink. In other news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The stock was 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 filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 8,077 shares of the firm’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 completion of the transaction, the insider now owns 187,091 shares in the company, valued at approximately $70,157,254.09. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,577 shares of company stock valued at $16,330,609. 4.34% of the stock is owned by company insiders.

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.