Davis Capital Management Acquires Shares of 330 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Davis Capital Management acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 330 shares of the company’s stock, valued at approximately $129,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Hexagon Capital Partners LLC bought a new stake in shares of CrowdStrike in the fourth quarter valued at about $26,000. Bear Mountain Capital Inc. bought a new stake in shares of CrowdStrike in the fourth quarter valued at about $27,000. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike in the first quarter valued at about $30,000. Johnson Financial Group Inc. bought a new stake in shares of CrowdStrike in the fourth quarter valued at about $31,000. Finally, Northwest Bank & Trust Co bought a new stake in shares of CrowdStrike in the fourth quarter valued at about $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 55,587 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value of $20,925,726.15. Following the sale, the chief executive officer now directly owns 1,127,843 shares of the company’s stock, valued at $424,576,497.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 147,643 shares of company stock worth $54,992,604. Corporate insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the subject of several recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $315.00 price objective on shares of CrowdStrike in a research report on Friday. Royal Bank of Canada cut their price objective on shares of CrowdStrike from $420.00 to $380.00 and set an “outperform” rating for the company in a research report on Monday, July 22nd. Needham & Company LLC cut their price objective on shares of CrowdStrike from $425.00 to $375.00 and set a “buy” rating for the company in a research report on Tuesday, July 30th. Robert W. Baird cut their price objective on shares of CrowdStrike from $350.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, July 23rd. Finally, FBN Securities raised shares of CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $351.76.

CrowdStrike Stock Down 2.8 %

Shares of CRWD traded down $6.33 during trading hours on Friday, reaching $217.89. The stock had a trading volume of 8,978,108 shares, compared to its average volume of 12,662,070. CrowdStrike Holdings, Inc. has a 12 month low of $140.52 and a 12 month high of $398.33. The firm has a 50-day simple moving average of $342.74 and a 200 day simple moving average of $324.93. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $53.03 billion, a price-to-earnings ratio of 411.12, a P/E/G ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The firm had revenue of $921.04 million during the quarter, compared to the consensus estimate of $904.82 million. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current fiscal year.

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.