CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Element Capital Management LLC

Element Capital Management LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 37.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,896 shares of the company’s stock after buying an additional 783 shares during the quarter. Element Capital Management LLC’s holdings in CrowdStrike were worth $1,110,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the first quarter worth about $30,000. Family Firm Inc. purchased a new stake in CrowdStrike in the 2nd quarter worth approximately $30,000. Johnson Financial Group Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $31,000. Northwest Bank & Trust Co purchased a new position in shares of CrowdStrike during the 4th quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,662 shares of the company’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 sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Burt W. Podbere sold 11,154 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $379.81, for a total value of $4,236,400.74. Following the sale, the chief financial officer now directly owns 297,650 shares in the company, valued at approximately $113,050,446.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the company’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 value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of recent analyst reports. KeyCorp cut their price objective on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a report on Wednesday, July 17th. Oppenheimer reduced their price target on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Scotiabank dropped their price objective on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 14th. Robert W. Baird reduced their target price on CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Evercore ISI dropped their price target on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $327.16.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $259.13 on Friday. The stock has a market capitalization of $63.06 billion, a P/E ratio of 488.92, a PEG ratio of 16.14 and a beta of 1.09. 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 Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. The company has a 50 day moving average price of $276.14 and a 200 day moving average price of $313.73.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 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 during the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the business posted $0.06 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. Equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

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.