Quest Partners LLC Purchases Shares of 271 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Quest Partners LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 271 shares of the company’s stock, valued at approximately $104,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of CRWD. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike during the 1st quarter valued at approximately $30,000. Family Firm Inc. bought a new position in shares of CrowdStrike during the second quarter valued at approximately $30,000. Johnson Financial Group Inc. purchased a new stake in CrowdStrike in the fourth quarter worth $31,000. Northwest Bank & Trust Co bought a new stake in CrowdStrike in the fourth quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC purchased a new position in CrowdStrike during the 1st quarter valued at $32,000. 71.16% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on 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 transaction, the insider now directly owns 179,091 shares of the company’s stock, valued at $46,563,660. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders sold 125,719 shares of company stock valued at $47,133,109 in the last three months. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

NASDAQ:CRWD opened at $267.81 on Tuesday. The business’s 50-day moving average is $273.68 and its 200 day moving average is $313.28. CrowdStrike Holdings, Inc. has a 12 month low of $157.59 and a 12 month high of $398.33. The company has a market capitalization of $65.17 billion, a P/E ratio of 505.30, a P/E/G ratio of 16.14 and a beta of 1.09. 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 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 business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the firm earned $0.06 EPS. The company’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CRWD. Sanford C. Bernstein cut their target price on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a research note on Thursday, September 5th. Hsbc Global Res raised CrowdStrike from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. lowered their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Barclays raised their target price on shares of CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, BMO Capital Markets increased their price objective on CrowdStrike from $290.00 to $315.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $327.16.

About CrowdStrike

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.