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

Caprock Group LLC lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 922.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,802 shares of the company’s stock after acquiring an additional 27,790 shares during the quarter. CrowdStrike accounts for approximately 0.5% of Caprock Group LLC’s portfolio, making the stock its 27th largest holding. Caprock Group LLC’s holdings in CrowdStrike were worth $11,803,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CRWD. Trivant Custom Portfolio Group LLC acquired a new position in CrowdStrike during the 1st quarter worth approximately $30,000. Family Firm Inc. acquired a new position in CrowdStrike during the second quarter worth $30,000. Johnson Financial Group Inc. purchased a new position in CrowdStrike in the fourth quarter worth $31,000. Northwest Bank & Trust Co acquired a new stake in CrowdStrike in the fourth quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CrowdStrike during the 1st quarter worth $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on CRWD. Truist Financial reiterated a “buy” rating and issued a $325.00 price objective on shares of CrowdStrike in a research note on Wednesday, August 28th. Cantor Fitzgerald reduced their price target on shares of CrowdStrike from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. Redburn Atlantic cut CrowdStrike from a “neutral” rating to a “sell” rating and lowered their price target for the stock from $380.00 to $275.00 in a report on Thursday, July 18th. DA Davidson lifted their price objective on CrowdStrike from $290.00 to $310.00 and gave the stock a “buy” rating in a report on Thursday, August 29th. Finally, Rosenblatt Securities lowered their target price on CrowdStrike from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Monday, August 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $327.16.

Insider Activity

In other news, President Michael Sentonas sold 10,735 shares of the firm’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Michael Sentonas sold 10,735 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the sale, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 130,219 shares of company stock worth $48,856,294. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 3.9 %

CRWD stock opened at $246.39 on Friday. The firm’s 50-day moving average is $289.69 and its two-hundred day moving average is $315.77. 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 $59.96 billion, a price-to-earnings ratio of 464.89, a price-to-earnings-growth ratio of 13.44 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 52 week low of $157.59 and a 52 week high of $398.33.

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

CrowdStrike 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.