CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Stock Position Raised by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 111.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,335 shares of the company’s stock after purchasing an additional 1,230 shares during the period. Weatherly Asset Management L. P.’s holdings in CrowdStrike were worth $895,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CRWD. Family Firm Inc. purchased a new position in shares of CrowdStrike during the second quarter valued at $30,000. Unique Wealth Strategies LLC purchased a new position in CrowdStrike during the 2nd quarter valued at about $36,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $30,000. Hobbs Group Advisors LLC purchased a new stake in shares of CrowdStrike in the second quarter worth approximately $38,000. Finally, Hexagon Capital Partners LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth approximately $26,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

CRWD stock traded up $5.61 during trading on Friday, reaching $277.28. 6,616,984 shares of the stock were exchanged, compared to its average volume of 6,307,208. CrowdStrike Holdings, Inc. has a twelve month low of $145.38 and a twelve month high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.80 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $67.48 billion, a P/E ratio of 523.18, a price-to-earnings-growth ratio of 13.44 and a beta of 1.10. The stock has a 50 day simple moving average of $301.88 and a 200-day simple moving average of $318.17.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.06 EPS. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.81 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated 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 in the company, valued at approximately $15,470,706.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the sale, the insider now directly owns 200,672 shares of the company’s stock, valued at $76,843,328.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was 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 in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold 130,219 shares of company stock valued at $48,856,294 in the last 90 days. 4.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CRWD shares. UBS Group dropped their price objective on shares of CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday. Deutsche Bank Aktiengesellschaft cut their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Rosenblatt Securities reduced their price objective on CrowdStrike from $350.00 to $330.00 and set a “buy” rating for the company in a research report on Monday, August 26th. Sanford C. Bernstein dropped their target price on CrowdStrike from $381.00 to $315.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. Finally, Barclays lifted their price target on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $329.47.

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.