E Fund Management Co. Ltd. Acquires 2,741 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

E Fund Management Co. Ltd. grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 144.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,645 shares of the company’s stock after purchasing an additional 2,741 shares during the quarter. E Fund Management Co. Ltd.’s holdings in CrowdStrike were worth $1,780,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike during the first quarter worth about $30,000. Family Firm Inc. bought a new position in shares of CrowdStrike in the second quarter valued at approximately $30,000. Johnson Financial Group Inc. bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $31,000. Northwest Bank & Trust Co bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of CrowdStrike in the first quarter valued at approximately $32,000. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $424,576,497.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other CrowdStrike news, CEO George Kurtz sold 55,587 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $424,576,497.35. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total value of $1,173,285.00. Following the completion of the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock worth $48,306,394 in the last quarter. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $268.72 on Wednesday. The stock has a market cap of $65.40 billion, a price-to-earnings ratio of 507.02, a PEG ratio of 16.14 and a beta of 1.09. The firm’s 50-day moving average is $271.34 and its 200 day moving average is $312.95. CrowdStrike Holdings, Inc. has a 1 year low of $157.59 and a 1 year high of $398.33. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The company 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%. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.06 EPS. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CRWD. Sanford C. Bernstein cut their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research report on Thursday, September 5th. TD Cowen cut their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. Stifel Nicolaus cut their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Westpark Capital restated a “hold” rating on shares of CrowdStrike in a research report on Thursday, August 29th. Finally, Cantor Fitzgerald dropped their target price on shares of CrowdStrike from $400.00 to $350.00 and set an “overweight” rating for the company in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.