Aristeia Capital L.L.C. Makes New $574,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Aristeia Capital L.L.C. purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,498 shares of the company’s stock, valued at approximately $574,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Family Firm Inc. bought a new stake in CrowdStrike during the second quarter valued at approximately $30,000. Itau Unibanco Holding S.A. bought a new stake in shares of CrowdStrike during the 2nd quarter worth $33,000. Unique Wealth Strategies LLC purchased a new position in CrowdStrike in the second quarter worth $36,000. Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike during the first quarter valued at about $30,000. Finally, Hobbs Group Advisors LLC bought a new stake in CrowdStrike during the second quarter worth about $38,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction that occurred on 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 approximately $67,985,350.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the company’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 value of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The disclosure for this sale can be found here. Insiders have sold 37,500 shares of company stock valued at $13,301,815 over the last quarter. 4.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRWD. Deutsche Bank Aktiengesellschaft reduced their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a research report on Monday, August 26th. Needham & Company LLC began coverage on CrowdStrike in a research note on Monday. They issued a “buy” rating and a $360.00 price target on the stock. TD Cowen dropped their target price on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. Jefferies Financial Group lowered their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Evercore ISI cut their price objective on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $325.32.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD opened at $293.14 on Tuesday. 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 capitalization of $71.34 billion, a PE ratio of 553.09, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The firm’s 50 day moving average price is $264.22 and its 200-day moving average price is $312.02. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33.

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. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period last year, the firm earned $0.06 earnings per share. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

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.