Edge Capital Group LLC Purchases 52 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Edge Capital Group LLC lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 1.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,281 shares of the company’s stock after acquiring an additional 52 shares during the period. Edge Capital Group LLC’s holdings in CrowdStrike were worth $1,257,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Burney Co. purchased a new stake in CrowdStrike in the first quarter worth approximately $1,342,000. Principal Financial Group Inc. boosted its holdings in CrowdStrike by 429.2% in the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after purchasing an additional 242,052 shares during the last quarter. BNP Paribas purchased a new stake in CrowdStrike in the first quarter worth approximately $2,685,000. Swedbank AB purchased a new stake in CrowdStrike in the first quarter worth approximately $73,972,000. Finally, Wellington Management Group LLP boosted its holdings in CrowdStrike by 5,452.5% in the fourth quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock worth $36,902,000 after purchasing an additional 141,929 shares during the last quarter. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of several analyst reports. Piper Sandler reiterated an “overweight” rating and set a $290.00 price target on shares of CrowdStrike in a research note on Thursday. Citigroup dropped their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th. Wells Fargo & Company dropped their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research note on Monday, July 22nd. KeyCorp dropped their price target on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Finally, Truist Financial reiterated a “buy” rating and set a $325.00 price target on shares of CrowdStrike in a research note on Wednesday, August 28th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $327.03.

Insider Activity

In related news, 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 completion of the sale, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares of the company’s stock, valued at $45,521,111.43. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,500 shares of company stock valued at $13,301,815. 4.34% of the stock is currently owned by insiders.

CrowdStrike Stock Up 8.1 %

Shares of CRWD opened at $299.85 on Monday. 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 52-week low of $157.59 and a 52-week high of $398.33. The company has a market cap of $72.97 billion, a PE ratio of 565.75, a P/E/G ratio of 16.14 and a beta of 1.09. The business has a fifty day moving average of $265.90 and a 200 day moving average of $312.27.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.06 EPS. On average, sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

CrowdStrike 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.