CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Purchased by Beacon Capital Management LLC

Beacon Capital Management LLC increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 63.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 193 shares of the company’s stock after purchasing an additional 75 shares during the quarter. Beacon Capital Management LLC’s holdings in CrowdStrike were worth $62,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Financial Counselors Inc. increased its position in CrowdStrike by 3.9% during the fourth quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after buying an additional 50 shares in the last quarter. Turtle Creek Wealth Advisors LLC purchased a new position in CrowdStrike during the fourth quarter worth $58,000. Saxony Capital Management LLC purchased a new position in CrowdStrike during the fourth quarter worth $1,756,000. Los Angeles Capital Management LLC increased its position in CrowdStrike by 5,210.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock worth $31,810,000 after buying an additional 122,244 shares in the last quarter. Finally, BNP Paribas purchased a new position in CrowdStrike during the first quarter worth $2,685,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CRWD. Jefferies Financial Group dropped their price target on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday. FBN Securities raised CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Piper Sandler lowered their price objective on CrowdStrike from $400.00 to $310.00 and set a “neutral” rating for the company in a research report on Monday, July 22nd. Truist Financial lowered their price objective on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research report on Tuesday, July 23rd. Finally, Robert W. Baird lowered their price objective on CrowdStrike from $350.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target of $351.76.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $7.74 during trading on Thursday, hitting $224.22. 9,717,368 shares of the company traded hands, compared to its average volume of 5,303,889. The stock has a market capitalization of $54.57 billion, a price-to-earnings ratio of 427.37, a PEG ratio of 11.95 and a beta of 1.10. The business’s fifty day moving average is $347.78 and its 200-day moving average is $325.48. CrowdStrike Holdings, Inc. has a one year low of $140.52 and a one year high of $398.33. 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 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 company had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. As a group, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the completion of the sale, the insider now owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The disclosure for this sale can be found here. Insiders sold 219,675 shares of company stock valued at $76,931,522 in the last three months. 4.34% of the stock is currently owned by corporate insiders.

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.