Vanguard Personalized Indexing Management LLC grew its holdings in CrowdStrike (NASDAQ:CRWD – Free Report) by 41.7% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,968 shares of the company’s stock after buying an additional 4,407 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in CrowdStrike were worth $7,627,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Management Professionals Inc. lifted its holdings in CrowdStrike by 91.9% in the 2nd quarter. Financial Management Professionals Inc. now owns 71 shares of the company’s stock worth $36,000 after buying an additional 34 shares during the period. Cloud Capital Management LLC bought a new position in shares of CrowdStrike in the 1st quarter worth approximately $25,000. Vision Financial Markets LLC bought a new position in shares of CrowdStrike in the 1st quarter worth approximately $26,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after acquiring an additional 40 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. raised its position in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.
CrowdStrike Stock Down 3.0%
CrowdStrike stock opened at $493.66 on Monday. The firm has a market cap of $123.89 billion, a price-to-earnings ratio of -414.84, a PEG ratio of 116.01 and a beta of 1.19. The stock has a fifty day simple moving average of $450.04 and a two-hundred day simple moving average of $444.95. CrowdStrike has a 12 month low of $294.68 and a 12 month high of $517.98. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.20.
Analyst Ratings Changes
Several research analysts have recently issued reports on the company. UBS Group decreased their target price on CrowdStrike from $545.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, August 28th. Stifel Nicolaus increased their target price on CrowdStrike from $495.00 to $515.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Royal Bank Of Canada reissued an “outperform” rating and issued a $510.00 target price on shares of CrowdStrike in a research report on Thursday, September 18th. KeyCorp increased their target price on CrowdStrike from $495.00 to $510.00 and gave the stock an “overweight” rating in a research report on Thursday, September 18th. Finally, Guggenheim reissued a “neutral” rating on shares of CrowdStrike in a research report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-eight have assigned a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $493.33.
Read Our Latest Report on CRWD
Insider Transactions at CrowdStrike
In other news, President Michael Sentonas sold 20,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $500.00, for a total value of $10,000,000.00. Following the transaction, the president directly owned 379,116 shares in the company, valued at $189,558,000. This trade represents a 5.01% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 157,816 shares of company stock valued at $75,331,356. Corporate insiders own 3.32% of the company’s stock.
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.
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