CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is WD Rutherford LLC’s 8th Largest Position

WD Rutherford LLC lowered its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 21.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,733 shares of the company’s stock after selling 3,810 shares during the quarter. CrowdStrike accounts for 2.6% of WD Rutherford LLC’s investment portfolio, making the stock its 8th largest holding. WD Rutherford LLC’s holdings in CrowdStrike were worth $5,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Burney Co. acquired a new position in shares of CrowdStrike in the 1st quarter valued at about $1,342,000. Los Angeles Capital Management LLC lifted its stake in CrowdStrike by 5,210.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock valued at $31,810,000 after buying an additional 122,244 shares during the last quarter. BNP Paribas bought a new stake in shares of CrowdStrike during the first quarter valued at approximately $2,685,000. Swedbank AB acquired a new position in CrowdStrike during the 1st quarter valued at about $73,972,000. Finally, Coldstream Capital Management Inc. bought a new stake in CrowdStrike in the fourth quarter worth about $508,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the sale, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the sale, the director now directly owns 824,234 shares of the company’s stock, valued at approximately $313,382,009.14. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock worth $48,856,294 in the last quarter. 4.34% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on CRWD shares. Truist Financial reduced their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. dropped their price objective on CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. DA Davidson reduced their price target on shares of CrowdStrike from $380.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, August 14th. JMP Securities reissued a “market outperform” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Tuesday, May 14th. Finally, Redburn Atlantic cut CrowdStrike from a “neutral” rating to a “sell” rating and lowered their target price for the company from $380.00 to $275.00 in a research note on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $337.58.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $3.90 during trading hours on Friday, hitting $271.54. The company had a trading volume of 3,248,578 shares, compared to its average volume of 5,396,045. CrowdStrike Holdings, Inc. has a fifty-two week low of $141.97 and a fifty-two week high of $398.33. The firm has a market cap of $66.08 billion, a P/E ratio of 512.34, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The business has a fifty day simple moving average of $313.54 and a 200-day simple moving average of $320.04. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. Equities analysts predict that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current year.

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.