Massachusetts Financial Services Co. MA Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Massachusetts Financial Services Co. MA lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 18.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,532 shares of the company’s stock after buying an additional 691 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in CrowdStrike were worth $1,737,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Family Firm Inc. purchased a new position in shares of CrowdStrike during the second quarter valued at about $30,000. Unique Wealth Strategies LLC bought a new stake in CrowdStrike in the 2nd quarter worth approximately $36,000. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike during the 1st quarter worth approximately $30,000. Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike during the 2nd quarter valued at approximately $38,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of CrowdStrike in the first quarter valued at $32,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $299.85 on Monday. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week 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 stock 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 business has a 50-day simple moving average of $265.90 and a 200-day simple 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, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same quarter last year, the business earned $0.06 earnings per share. The firm’s revenue was up 31.7% on a year-over-year basis. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now owns 183,091 shares in the company, valued at $67,985,350.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction on Monday, July 1st. The shares were 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 owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the completion of the transaction, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 37,500 shares of company stock worth $13,301,815. Company insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CRWD. JPMorgan Chase & Co. dropped their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company lowered their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 22nd. Scotiabank decreased their price target on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Oppenheimer dropped their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Stifel Nicolaus reduced their target price on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, CrowdStrike presently 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.