Catalyst Financial Partners LLC Takes $218,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Catalyst Financial Partners LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 569 shares of the company’s stock, valued at approximately $218,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Burney Co. acquired a new position in CrowdStrike during the first quarter worth approximately $1,342,000. Los Angeles Capital Management LLC grew its holdings in CrowdStrike by 5,210.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock worth $31,810,000 after acquiring an additional 122,244 shares during the period. BNP Paribas acquired a new position in CrowdStrike during the first quarter worth $2,685,000. Swedbank AB acquired a new position in CrowdStrike during the first quarter worth $73,972,000. Finally, Coldstream Capital Management Inc. acquired a new position in CrowdStrike during the fourth quarter worth $508,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Performance

CRWD traded down $4.43 on Monday, hitting $267.11. 2,774,958 shares of the stock traded hands, compared to its average volume of 5,380,140. CrowdStrike Holdings, Inc. has a 52 week low of $141.97 and a 52 week high of $398.33. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $65.00 billion, a PE ratio of 503.68, a P/E/G ratio of 11.79 and a beta of 1.10. The business has a fifty day moving average price of $313.54 and a two-hundred day moving average price of $320.04.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The firm had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. On average, research analysts predict that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Insider Activity

In other news, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the transaction, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 130,219 shares of company stock worth $48,856,294. Company insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Jefferies Financial Group lowered their target price on CrowdStrike from $400.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Robert W. Baird reduced their price objective on CrowdStrike from $350.00 to $335.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 23rd. Piper Sandler upgraded CrowdStrike from a “neutral” rating to an “overweight” rating and reduced their target price for the stock from $310.00 to $290.00 in a research report on Tuesday, August 6th. Guggenheim downgraded CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Finally, DA Davidson reduced their target price on CrowdStrike from $380.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $335.46.

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.