CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 25.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,827 shares of the company’s stock after buying an additional 1,800 shares during the period. Frank Rimerman Advisors LLC’s holdings in CrowdStrike were worth $3,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Family Firm Inc. acquired a new stake in CrowdStrike during the second quarter worth about $30,000. Unique Wealth Strategies LLC acquired a new stake in CrowdStrike during the second quarter worth about $36,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the first quarter worth about $30,000. Hobbs Group Advisors LLC acquired a new stake in CrowdStrike during the second quarter worth about $38,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in CrowdStrike during the first quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 8.1 %

CRWD stock opened at $299.85 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. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The company’s 50 day moving average is $265.90 and its two-hundred day moving average is $312.40. The stock has a market cap of $72.97 billion, a P/E ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for 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%. The firm’s revenue for the quarter was up 31.7% on a year-over-year basis. During the same quarter last year, the company earned $0.06 earnings per share. Research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CRWD shares. Truist Financial reaffirmed a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research note on Wednesday, August 28th. HSBC raised shares of CrowdStrike from a “hold” rating to a “buy” rating and increased their target price for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. Robert W. Baird lowered their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. BMO Capital Markets increased their target price on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Evercore ISI lowered their target price on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research note on Tuesday, July 30th. One 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $327.03.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other CrowdStrike news, 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 value of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock valued at $16,330,609 in the last ninety days. 4.34% of the stock is currently owned by company insiders.

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.