Dimensional Fund Advisors LP Grows Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Dimensional Fund Advisors LP increased its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 54.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 286,183 shares of the company’s stock after buying an additional 101,079 shares during the period. Dimensional Fund Advisors LP owned about 0.12% of CrowdStrike worth $109,670,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its stake in CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after buying an additional 315,280 shares during the period. First Trust Advisors LP increased its stake in CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after buying an additional 358,945 shares during the period. Pathstone Holdings LLC purchased a new stake in CrowdStrike during the 4th quarter worth approximately $450,418,000. Bank of New York Mellon Corp increased its stake in CrowdStrike by 47.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares during the period. Finally, Federated Hermes Inc. increased its stake in CrowdStrike by 0.9% during the 2nd quarter. Federated Hermes Inc. now owns 1,112,272 shares of the company’s stock worth $426,212,000 after buying an additional 9,564 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $293.14 on Tuesday. The stock has a market cap of $71.34 billion, a price-to-earnings ratio of 553.09, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 52 week low of $157.59 and a 52 week high of $398.33. The company’s 50-day moving average price is $264.22 and its 200 day moving average price is $312.02. 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 (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm 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 was up 31.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 EPS. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares of the company’s stock, valued at approximately $67,985,350.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the firm’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 sale, the director now directly owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 sale, 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. Insiders have sold 37,500 shares of company stock valued at $13,301,815 in the last ninety days. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of several analyst reports. Morgan Stanley reiterated an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a report on Monday, September 9th. Susquehanna reiterated a “positive” rating and set a $310.00 price target on shares of CrowdStrike in a report on Thursday, September 19th. HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their price target for the stock from $302.00 to $339.00 in a report on Friday, August 30th. Royal Bank of Canada lowered their price target on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, The Goldman Sachs Group lowered their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $325.32.

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.