Mather Group LLC. Buys 874 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mather Group LLC. grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 367.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,112 shares of the company’s stock after purchasing an additional 874 shares during the quarter. Mather Group LLC.’s holdings in CrowdStrike were worth $426,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Hexagon Capital Partners LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth about $26,000. Bear Mountain Capital Inc. purchased a new position in CrowdStrike in the fourth quarter worth approximately $27,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $30,000. Johnson Financial Group Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $31,000. Finally, Northwest Bank & Trust Co purchased a new position in shares of CrowdStrike during the fourth quarter worth $32,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Up 4.3 %

NASDAQ CRWD traded up $9.64 on Tuesday, hitting $231.69. 10,596,766 shares of the company were exchanged, compared to its average volume of 5,408,862. 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. The company’s 50 day moving average price is $340.16 and its 200-day moving average price is $324.50. The firm has a market capitalization of $56.38 billion, a P/E ratio of 437.16, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $921.04 million during 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%. Analysts predict that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

Insider Activity

In other 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 sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Burt W. Podbere sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $329.10, for a total value of $3,949,200.00. Following the completion of the sale, the chief financial officer now owns 308,593 shares of the company’s stock, valued at approximately $101,557,956.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 147,643 shares of company stock valued at $54,992,604. 4.34% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CRWD shares. Scotiabank downgraded CrowdStrike from a “sector outperform” rating to a “sector perform” rating and decreased their price target for the stock from $393.00 to $300.00 in a report on Monday, July 22nd. HSBC downgraded CrowdStrike from a “buy” rating to a “hold” rating and decreased their target price for the stock from $388.00 to $302.00 in a research report on Tuesday, July 23rd. Wedbush reissued an “outperform” rating and issued a $315.00 price target on shares of CrowdStrike in a report on Friday. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Finally, Morgan Stanley decreased their target price on shares of CrowdStrike from $396.00 to $360.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and a consensus target price of $351.24.

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.