CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Brookstone Capital Management

Brookstone Capital Management raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 12.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,710 shares of the company’s stock after buying an additional 5,087 shares during the period. Brookstone Capital Management’s holdings in CrowdStrike were worth $16,224,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in CRWD. Norges Bank acquired a new position in CrowdStrike in the 4th quarter worth approximately $683,336,000. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $450,418,000. Jennison Associates LLC grew its holdings in shares of CrowdStrike by 33.2% during the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after buying an additional 1,581,796 shares in the last quarter. Vanguard Group Inc. raised its position in CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after buying an additional 1,028,405 shares during the period. Finally, Acadian Asset Management LLC lifted its stake in CrowdStrike by 619.0% in the 1st quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after acquiring an additional 477,706 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, 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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, 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 ninety days, insiders sold 135,643 shares of company stock worth $50,749,324. 4.34% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CRWD has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. HSBC cut shares of CrowdStrike from a “buy” rating to a “hold” rating and lowered their price target for the company from $388.00 to $302.00 in a report on Tuesday, July 23rd. Canaccord Genuity Group reiterated a “buy” rating and set a $405.00 price objective on shares of CrowdStrike in a report on Monday, July 22nd. FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Finally, Wedbush reiterated an “outperform” rating and set a $315.00 price target on shares of CrowdStrike in a report on Friday, August 9th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $338.08.

CrowdStrike Trading Up 0.8 %

CrowdStrike stock traded up $2.05 during trading hours on Friday, reaching $262.54. 3,495,619 shares of the company’s stock traded hands, compared to its average volume of 5,425,888. The firm has a market capitalization of $63.89 billion, a price-to-earnings ratio of 495.36, a PEG ratio of 11.79 and a beta of 1.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike Holdings, Inc. has a fifty-two week low of $140.52 and a fifty-two week high of $398.33. The firm’s 50 day moving average is $324.93 and its 200-day moving average is $320.96.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) 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 the consensus estimate of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. On average, analysts predict that CrowdStrike Holdings, Inc. will post 0.87 earnings per share 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.