CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Maverick Capital Ltd.

Maverick Capital Ltd. increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 191.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,875 shares of the company’s stock after buying an additional 6,484 shares during the quarter. Maverick Capital Ltd.’s holdings in CrowdStrike were worth $3,784,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. MBB Public Markets I LLC raised its position in CrowdStrike by 2,327.1% in the second quarter. MBB Public Markets I LLC now owns 16,237 shares of the company’s stock worth $6,222,000 after acquiring an additional 15,568 shares in the last quarter. Daymark Wealth Partners LLC grew its stake in shares of CrowdStrike by 626.7% in the 2nd quarter. Daymark Wealth Partners LLC now owns 8,045 shares of the company’s stock worth $3,083,000 after purchasing an additional 6,938 shares during the last quarter. Delta Investment Management LLC raised its holdings in shares of CrowdStrike by 18.3% in the 2nd quarter. Delta Investment Management LLC now owns 3,960 shares of the company’s stock worth $1,517,000 after purchasing an additional 612 shares in the last quarter. Disciplined Equity Management Inc. lifted its stake in CrowdStrike by 5.7% during the second quarter. Disciplined Equity Management Inc. now owns 2,590 shares of the company’s stock valued at $992,000 after purchasing an additional 140 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock valued at $696,471,000 after purchasing an additional 77,100 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on CRWD. FBN Securities raised CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. JMP Securities restated a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Tuesday. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Raymond James decreased their price target on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. One 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $326.50.

CrowdStrike Trading Down 1.7 %

Shares of NASDAQ:CRWD opened at $281.48 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $69.00 billion, a PE ratio of 531.10, a P/E/G ratio of 19.60 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1 year low of $160.67 and a 1 year high of $398.33. The firm has a fifty day moving average price of $261.24 and a 200 day moving average price of $311.60.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same quarter in the prior year, the company posted $0.06 EPS. The firm’s revenue was up 31.7% on a year-over-year basis. Analysts expect that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, 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 SEC, which is available at the SEC website. In related news, CEO George Kurtz sold 55,325 shares of the stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the completion of the sale, the director now directly owns 824,234 shares in the company, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders sold 111,962 shares of company stock valued at $34,477,948 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

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.