CAP Partners LLC Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CAP Partners LLC lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,154 shares of the company’s stock after buying an additional 78 shares during the quarter. CAP Partners LLC’s holdings in CrowdStrike were worth $370,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of CRWD. Shepherd Financial Partners LLC grew its holdings in CrowdStrike by 1.4% in the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after purchasing an additional 36 shares during the period. Cigna Investments Inc. New grew its holdings in CrowdStrike by 1.7% in the fourth quarter. Cigna Investments Inc. New now owns 2,319 shares of the company’s stock valued at $592,000 after purchasing an additional 38 shares during the period. Pier 88 Investment Partners LLC grew its holdings in CrowdStrike by 0.9% in the fourth quarter. Pier 88 Investment Partners LLC now owns 4,690 shares of the company’s stock valued at $1,197,000 after purchasing an additional 40 shares during the period. GAMMA Investing LLC grew its holdings in CrowdStrike by 18.5% in the first quarter. GAMMA Investing LLC now owns 282 shares of the company’s stock valued at $90,000 after purchasing an additional 44 shares during the period. Finally, Fagan Associates Inc. grew its holdings in CrowdStrike by 0.5% in the fourth quarter. Fagan Associates Inc. now owns 9,650 shares of the company’s stock valued at $2,464,000 after purchasing an additional 45 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In related news, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total value of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $316.82, for a total value of $4,752,300.00. Following the completion of the transaction, the director now owns 839,234 shares in the company, valued at approximately $265,886,115.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 10,000 shares of the stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Over the last quarter, insiders sold 219,675 shares of company stock worth $75,730,552. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

CRWD stock traded down $7.10 during trading on Tuesday, hitting $385.05. 3,241,253 shares of the company’s stock traded hands, compared to its average volume of 4,175,308. The stock has a fifty day moving average price of $343.61 and a two-hundred day moving average price of $315.35. The stock has a market capitalization of $93.71 billion, a price-to-earnings ratio of 728.39, a price-to-earnings-growth ratio of 19.31 and a beta of 1.10. 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 Holdings, Inc. has a 52 week low of $139.37 and a 52 week high of $394.64.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Macquarie restated an “outperform” rating and issued a $370.00 target price on shares of CrowdStrike in a report on Tuesday, March 19th. Canaccord Genuity Group boosted their price objective on shares of CrowdStrike from $400.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Evercore ISI boosted their price objective on shares of CrowdStrike from $255.00 to $405.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 6th. Rosenblatt Securities boosted their price objective on shares of CrowdStrike from $415.00 to $420.00 and gave the stock a “buy” rating in a research note on Wednesday, June 5th. Finally, DA Davidson decreased their price objective on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $382.35.

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.