Allen Investment Management LLC Has $31.44 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Allen Investment Management LLC increased its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 6.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,058 shares of the company’s stock after purchasing an additional 4,744 shares during the quarter. Allen Investment Management LLC’s holdings in CrowdStrike were worth $31,444,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the 1st quarter valued at $30,000. Family Firm Inc. bought a new position in shares of CrowdStrike in the 2nd quarter worth about $30,000. Johnson Financial Group Inc. bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $31,000. Northwest Bank & Trust Co bought a new stake in CrowdStrike in the fourth quarter worth approximately $32,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

CrowdStrike stock opened at $259.13 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market cap of $63.06 billion, a P/E ratio of 488.92, a P/E/G ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 1-year low of $157.59 and a 1-year high of $398.33. The firm has a 50-day moving average of $276.14 and a 200-day moving average of $313.78.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 earnings per share. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction that occurred 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 document filed with the SEC, which is available at the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction 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 disclosure for this sale can be found here. In the last three months, insiders have sold 130,219 shares of company stock valued at $48,856,294. 4.34% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently commented on CRWD. Hsbc Global Res upgraded CrowdStrike from a “hold” rating to a “strong-buy” rating in a report on Friday, August 30th. Truist Financial reaffirmed a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a report on Wednesday, August 28th. Cantor Fitzgerald cut their price objective on CrowdStrike from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Thursday, August 29th. Rosenblatt Securities decreased their price objective on shares of CrowdStrike from $350.00 to $330.00 and set a “buy” rating for the company in a report on Monday, August 26th. Finally, HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and boosted their target price for the company from $302.00 to $339.00 in a research note on Friday, August 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $327.16.

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.