Quarry LP Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Quarry LP boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 275.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 465 shares of the company’s stock after purchasing an additional 341 shares during the quarter. Quarry LP’s holdings in CrowdStrike were worth $178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Abich Financial Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at about $25,000. Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike during the first quarter valued at approximately $30,000. Family Firm Inc. acquired a new stake in CrowdStrike in the second quarter valued at approximately $30,000. Northwest Bank & Trust Co purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CrowdStrike during the 1st quarter valued at $32,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $280.47 on Tuesday. The stock has a market capitalization of $68.26 billion, a P/E ratio of 529.19, a P/E/G ratio of 19.60 and a beta of 1.09. The company’s fifty day moving average price is $259.96 and its 200 day moving average price is $310.56. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 1 year low of $160.86 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (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 business 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 company’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of several recent analyst reports. Mizuho reduced their target price on CrowdStrike from $390.00 to $370.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Argus cut their price objective on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Truist Financial reaffirmed a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research report on Wednesday, August 28th. BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, DA Davidson restated a “buy” rating and set a $310.00 price target on shares of CrowdStrike in a research note on Wednesday, September 18th. One 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 issued a strong buy rating to the company. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.50.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 55,325 shares of the stock in a transaction dated Monday, September 23rd. The shares were 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 of the company’s stock, valued at approximately $329,172,858.52. The disclosure for this sale can be found here. In the last three months, insiders sold 96,962 shares of company stock worth $28,774,798. Corporate insiders own 4.34% of the company’s stock.

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.