CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Bought by Park Place Capital Corp

Park Place Capital Corp grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 59.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,302 shares of the company’s stock after buying an additional 485 shares during the quarter. Park Place Capital Corp’s holdings in CrowdStrike were worth $499,000 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. Saturna Capital Corp raised its holdings in CrowdStrike by 2.7% during the first quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after purchasing an additional 33 shares during the last quarter. Shepherd Financial Partners LLC grew its stake in CrowdStrike by 1.4% in the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock valued at $645,000 after acquiring an additional 36 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in CrowdStrike by 2.2% during the 1st quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock valued at $582,000 after acquiring an additional 39 shares in the last quarter. Albion Financial Group UT raised its position in CrowdStrike by 3.7% during the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock worth $351,000 after acquiring an additional 39 shares during the last quarter. Finally, Pier 88 Investment Partners LLC lifted its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on CRWD shares. Jefferies Financial Group cut their price objective on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Rosenblatt Securities reduced their target price on shares of CrowdStrike from $420.00 to $350.00 and set a “buy” rating on the stock in a report on Wednesday, July 24th. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 price target on shares of CrowdStrike in a report on Friday, June 21st. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Finally, Citigroup cut their price target on CrowdStrike from $425.00 to $345.00 and set a “buy” rating for the company in a report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $351.76.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction 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 transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CEO George Kurtz sold 55,587 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total value of $20,925,726.15. Following the completion of the transaction, the chief executive officer now owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the business’s 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 sale, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. In the last three months, insiders sold 147,643 shares of company stock valued at $54,992,604. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $3.92 during midday trading on Monday, reaching $221.81. 7,423,992 shares of the company traded hands, compared to its average volume of 5,350,603. The firm has a market capitalization of $53.98 billion, a price-to-earnings ratio of 411.84, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The company has a fifty day moving average price of $342.74 and a 200 day moving average price of $324.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. CrowdStrike Holdings, Inc. has a twelve month low of $140.52 and a twelve month high of $398.33.

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