Primecap Management Co. CA Has $76.62 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Primecap Management Co. CA lowered its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,955 shares of the company’s stock after selling 1,400 shares during the period. Primecap Management Co. CA owned 0.08% of CrowdStrike worth $76,621,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after buying an additional 315,280 shares in the last quarter. First Trust Advisors LP lifted its holdings in shares of CrowdStrike by 19.3% during the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after purchasing an additional 358,945 shares during the period. Pathstone Holdings LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth $450,418,000. Bank of New York Mellon Corp lifted its holdings in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after purchasing an additional 564,662 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of CrowdStrike by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 1,176,988 shares of the company’s stock worth $300,509,000 after purchasing an additional 30,557 shares during the period. Institutional investors and hedge funds own 71.16% of the company’s stock.

CrowdStrike Stock Up 0.3 %

CRWD opened at $268.72 on Wednesday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. 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. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The company’s 50-day moving average price is $271.34 and its two-hundred day moving average price is $312.95.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The firm 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 company’s quarterly revenue was up 31.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share. As a group, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent research reports. Argus cut their price target on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating on the stock in a report on Friday, August 30th. Citigroup cut their price target on shares of CrowdStrike from $345.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th. JPMorgan Chase & Co. cut their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a report on Monday, July 29th. Royal Bank of Canada lowered their target price on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Finally, Robert W. Baird lowered their target price on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $327.16.

Insider Activity

In other news, insider Shawn Henry sold 5,504 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 value of $2,094,987.52. Following the sale, the insider now owns 195,168 shares of the company’s stock, valued at $74,286,795.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Shawn Henry sold 5,504 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 value of $2,094,987.52. Following the sale, the insider now owns 195,168 shares of the company’s stock, valued at $74,286,795.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 130,219 shares of company stock valued at $48,306,394 over the last quarter. Company insiders own 4.34% of the company’s stock.

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.