Silvercrest Asset Management Group LLC Purchases New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Silvercrest Asset Management Group LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 1st quarter, HoldingsChannel reports. The firm purchased 681 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC acquired a new stake in CrowdStrike during the fourth quarter valued at $26,000. Bear Mountain Capital Inc. acquired a new stake in CrowdStrike during the fourth quarter valued at $27,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike during the first quarter valued at $30,000. Johnson Financial Group Inc. acquired a new stake in CrowdStrike during the fourth quarter valued at $31,000. Finally, Northwest Bank & Trust Co acquired a new stake in shares of CrowdStrike in the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO George Kurtz sold 56,279 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,675 shares of company stock worth $76,931,522. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Trading Down 0.7 %

Shares of CRWD stock opened at $231.96 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market capitalization of $56.45 billion, a P/E ratio of 437.67, a price-to-earnings-growth ratio of 11.95 and a beta of 1.10. The company has a 50 day moving average price of $347.78 and a 200 day moving average price of $325.48. CrowdStrike Holdings, Inc. has a fifty-two week low of $140.52 and a fifty-two week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.89 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research analyst reports. Robert W. Baird dropped their target price on shares of CrowdStrike from $350.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 23rd. Morgan Stanley dropped their target price on shares of CrowdStrike from $396.00 to $360.00 and set an “overweight” rating on the stock in a research report on Monday. Hsbc Global Res lowered shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. KeyCorp dropped their target price on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 17th. Finally, Piper Sandler dropped their target price on shares of CrowdStrike from $400.00 to $310.00 and set a “neutral” rating on the stock in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $351.76.

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.