Islay Capital Management LLC Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Islay Capital Management LLC raised its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 150.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150 shares of the company’s stock after buying an additional 90 shares during the period. Islay Capital Management LLC’s holdings in CrowdStrike were worth $42,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Quent Capital LLC raised its holdings in CrowdStrike by 59.9% in the 1st quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after purchasing an additional 88 shares during the period. Ontario Teachers Pension Plan Board purchased a new position in shares of CrowdStrike during the 1st quarter valued at approximately $273,000. Edgestream Partners L.P. acquired a new stake in CrowdStrike in the 1st quarter valued at $839,000. Jacobi Capital Management LLC grew its stake in CrowdStrike by 14.1% in the 1st quarter. Jacobi Capital Management LLC now owns 1,265 shares of the company’s stock valued at $406,000 after acquiring an additional 156 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in CrowdStrike in the 1st quarter worth $591,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In related news, President Michael Sentonas sold 10,776 shares of CrowdStrike stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $3,203,489.28. Following the completion of the transaction, the president now directly owns 400,390 shares in the company, valued at approximately $119,027,939.20. This trade represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the sale, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 108,248 shares of company stock valued at $32,465,110. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Down 2.2 %

NASDAQ:CRWD opened at $336.75 on Monday. CrowdStrike Holdings, Inc. has a 52 week low of $198.86 and a 52 week high of $398.33. The stock’s fifty day moving average is $297.79 and its two-hundred day moving average is $310.36. The stock has a market capitalization of $82.55 billion, a price-to-earnings ratio of 488.04, a price-to-earnings-growth ratio of 22.77 and a beta of 1.10. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. The firm 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 was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CRWD. Westpark Capital reiterated a “hold” rating on shares of CrowdStrike in a research report on Thursday, September 19th. UBS Group lowered their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Sanford C. Bernstein cut their price objective on CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. Citigroup decreased their target price on CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $328.74.

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.