CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 242,473 shares of the company’s stock after purchasing an additional 18,480 shares during the quarter. ProShare Advisors LLC owned about 0.10% of CrowdStrike worth $92,913,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike during the first quarter worth about $30,000. Family Firm Inc. acquired a new position in shares of CrowdStrike in the 2nd quarter worth approximately $30,000. Johnson Financial Group Inc. bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $31,000. Northwest Bank & Trust Co acquired a new stake in CrowdStrike during the fourth quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC bought a new stake in CrowdStrike during the first quarter worth approximately $32,000. Institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 187,091 shares in the company, valued at approximately $70,157,254.09. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other 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 completion of the transaction, the insider now directly owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock worth $16,330,609 over the last three months. Company insiders own 4.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Mizuho cut their price objective on CrowdStrike from $390.00 to $370.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Barclays lifted their price target on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Citigroup reduced their price objective on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Finally, Wedbush restated an “outperform” rating and set a $315.00 price target on shares of CrowdStrike in a report on Friday, August 9th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.03.

CrowdStrike Stock 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 quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap 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 stock has a 50 day moving average of $265.90 and a 200-day moving average of $312.40.

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

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.