Caprock Group LLC Boosts Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Caprock Group LLC raised its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 922.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,802 shares of the company’s stock after buying an additional 27,790 shares during the period. CrowdStrike comprises 0.5% of Caprock Group LLC’s holdings, making the stock its 27th biggest holding. Caprock Group LLC’s holdings in CrowdStrike were worth $11,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Family Firm Inc. acquired a new stake in CrowdStrike in the 2nd quarter worth approximately $30,000. Unique Wealth Strategies LLC purchased a new position in CrowdStrike during the second quarter valued at approximately $36,000. Trivant Custom Portfolio Group LLC acquired a new position in shares of CrowdStrike in the 1st quarter valued at $30,000. Hobbs Group Advisors LLC acquired a new position in shares of CrowdStrike in the second quarter worth about $38,000. Finally, Future Financial Wealth Managment LLC acquired a new position in CrowdStrike in the 1st quarter worth about $32,000. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the company’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 transaction of $632,607.06. Following the completion of 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock worth $48,856,294 over the last 90 days. 4.34% of the stock is owned by insiders.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $246.39 on Friday. The firm has a 50 day moving average of $289.69 and a two-hundred day moving average of $315.77. The company has a quick ratio of 1.80, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 52 week low of $157.59 and a 52 week high of $398.33. The stock has a market capitalization of $59.96 billion, a PE ratio of 464.89, a P/E/G ratio of 13.44 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the prior year, the firm posted $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, research analysts predict that CrowdStrike Holdings, Inc. will post 0.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRWD. Robert W. Baird decreased their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Wedbush reiterated an “outperform” rating and issued a $315.00 price objective on shares of CrowdStrike in a report on Friday, August 9th. The Goldman Sachs Group lowered their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft cut their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Finally, UBS Group lowered their price objective on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $327.16.

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.