CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 59.1% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 905 shares of the company’s stock after buying an additional 336 shares during the quarter. Fidelis Capital Partners LLC’s holdings in CrowdStrike were worth $347,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Burney Co. acquired a new position in CrowdStrike during the first quarter worth $1,342,000. Principal Financial Group Inc. grew its stake in shares of CrowdStrike by 429.2% during the 2nd quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after purchasing an additional 242,052 shares during the period. BNP Paribas purchased a new position in shares of CrowdStrike in the 1st quarter valued at about $2,685,000. Swedbank AB acquired a new stake in shares of CrowdStrike in the first quarter valued at about $73,972,000. Finally, Wellington Management Group LLP boosted its holdings in CrowdStrike by 5,452.5% during the fourth quarter. Wellington Management Group LLP now owns 144,532 shares of the company’s stock worth $36,902,000 after buying an additional 141,929 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the sale, the director now owns 18,297 shares of the company’s stock, valued at $7,136,012.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the sale, the director now directly owns 824,234 shares of the company’s stock, valued at $313,382,009.14. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated 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 three months, insiders sold 37,500 shares of company stock worth $13,301,815. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Raymond James reduced their price target on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $350.00 price objective on shares of CrowdStrike in a report on Thursday, September 19th. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Jefferies Financial Group cut their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, BMO Capital Markets boosted their price objective on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $325.32.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $293.14 on Tuesday. The business’s 50-day simple moving average is $264.22 and its 200-day simple moving average is $312.02. The firm has a market capitalization of $71.34 billion, a P/E ratio of 553.09, a P/E/G ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1-year low of $157.59 and a 1-year high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last released 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 net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million during the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the firm earned $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. Equities analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

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.