Scarborough Advisors LLC Acquires 47 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Scarborough Advisors LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 26.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 226 shares of the company’s stock after acquiring an additional 47 shares during the period. Scarborough Advisors LLC’s holdings in CrowdStrike were worth $87,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the business. Burney Co. bought a new position in CrowdStrike during the 1st quarter worth $1,342,000. Principal Financial Group Inc. raised its position in shares of CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after acquiring an additional 242,052 shares during the last quarter. BNP Paribas acquired a new position in shares of CrowdStrike in the first quarter worth approximately $2,685,000. Swedbank AB bought a new stake in CrowdStrike in the first quarter valued at approximately $73,972,000. Finally, Coldstream Capital Management Inc. acquired a new stake in CrowdStrike during the 4th quarter valued at approximately $508,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $257.10 on Friday. CrowdStrike Holdings, Inc. has a 52 week low of $157.59 and a 52 week high of $398.33. The company’s 50 day moving average price is $278.75 and its two-hundred day moving average price is $314.21. The stock has a market cap of $63.02 billion, a P/E ratio of 485.10, a P/E/G ratio of 16.14 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS 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 business had revenue of $963.87 million for the quarter, compared to analyst estimates of $958.27 million. During the same period last year, the company posted $0.06 earnings per share. CrowdStrike’s quarterly revenue was up 31.7% compared to the same quarter last year. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the completion of the transaction, the insider now owns 179,091 shares in the company, valued at approximately $46,563,660. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were 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 owns 40,645 shares in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CRWD shares. BTIG Research lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research note on Monday, July 22nd. Redburn Atlantic cut shares of CrowdStrike from a “neutral” rating to a “sell” rating and cut their price target for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. Stifel Nicolaus lowered their price objective on CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Barclays boosted their price objective on CrowdStrike from $285.00 to $295.00 and gave the company an “overweight” rating in a research note on Thursday, August 29th. Finally, Susquehanna decreased their target price on CrowdStrike from $410.00 to $310.00 and set a “positive” rating for the company in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $327.16.

CrowdStrike Company 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.