CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Brighton Jones LLC

Brighton Jones LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 43.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,993 shares of the company’s stock after purchasing an additional 2,111 shares during the quarter. Brighton Jones LLC’s holdings in CrowdStrike were worth $2,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CRWD. XTX Topco Ltd boosted its position in CrowdStrike by 31.5% during the 2nd quarter. XTX Topco Ltd now owns 11,524 shares of the company’s stock worth $4,416,000 after acquiring an additional 2,759 shares during the period. LJI Wealth Management LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth $235,000. Glass Jacobson Investment Advisors llc raised its stake in shares of CrowdStrike by 10.9% in the 2nd quarter. Glass Jacobson Investment Advisors llc now owns 903 shares of the company’s stock worth $346,000 after buying an additional 89 shares in the last quarter. Kentucky Retirement Systems bought a new stake in shares of CrowdStrike in the 2nd quarter worth $6,661,000. Finally, Paces Ferry Wealth Advisors LLC bought a new stake in shares of CrowdStrike in the 2nd quarter worth $407,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

CRWD opened at $277.38 on Friday. The company has a market cap of $67.50 billion, a PE ratio of 523.36, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The stock has a 50-day moving average of $267.33 and a 200-day moving average of $312.39. CrowdStrike Holdings, Inc. has a 52-week low of $157.59 and a 52-week high of $398.33. 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 (NASDAQ:CRWD) last posted its quarterly earnings data 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. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The firm’s revenue was up 31.7% compared to the same quarter last year. As a group, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on CRWD. Rosenblatt Securities reissued a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Thursday. Wells Fargo & Company cut their target price on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Redburn Atlantic lowered CrowdStrike from a “neutral” rating to a “sell” rating and cut their target price for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Truist Financial reaffirmed a “buy” rating and set a $325.00 target price on shares of CrowdStrike in a research report on Wednesday, August 28th. Finally, BTIG Research lowered CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $327.03.

Insider Buying and Selling

In related news, insider Shawn Henry sold 8,077 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $374.99, for a total transaction of $3,028,794.23. Following the completion of the transaction, the insider now owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $374.99, for a total value of $3,028,794.23. Following the completion of the transaction, the insider now owns 187,091 shares of the company’s stock, valued at approximately $70,157,254.09. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 27th. The shares were 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 of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,577 shares of company stock valued at $16,330,609. Insiders own 4.34% of the company’s stock.

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.