Private Advisor Group LLC Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Private Advisor Group LLC lifted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 15.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,303 shares of the company’s stock after purchasing an additional 2,623 shares during the period. Private Advisor Group LLC’s holdings in CrowdStrike were worth $2,890,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich grew its stake in CrowdStrike by 93,217.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 22,988,825 shares of the company’s stock worth $3,376,369,000 after acquiring an additional 22,964,190 shares during the period. Norges Bank purchased a new stake in CrowdStrike in the 4th quarter worth approximately $244,740,000. T. Rowe Price Investment Management Inc. grew its stake in CrowdStrike by 62.1% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock worth $396,019,000 after acquiring an additional 1,440,905 shares during the period. Renaissance Technologies LLC grew its stake in CrowdStrike by 87.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,790,400 shares of the company’s stock worth $383,010,000 after acquiring an additional 1,304,959 shares during the period. Finally, Clearbridge Investments LLC grew its stake in CrowdStrike by 69.3% in the 1st quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock worth $524,750,000 after acquiring an additional 945,703 shares during the period. 63.53% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 8,996 shares of the company’s stock in a transaction dated Thursday, September 21st. The stock was sold at an average price of $168.03, for a total value of $1,511,597.88. Following the sale, the insider now owns 206,232 shares in the company, valued at approximately $34,653,162.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Sameer K. Gandhi sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $200.06, for a total transaction of $3,000,900.00. Following the transaction, the director now directly owns 852,949 shares of the company’s stock, valued at approximately $170,640,976.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 8,996 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $168.03, for a total value of $1,511,597.88. Following the transaction, the insider now directly owns 206,232 shares in the company, valued at $34,653,162.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 151,083 shares of company stock worth $26,680,472. Insiders own 5.68% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $207.73 on Tuesday. The company has a market capitalization of $49.60 billion, a price-to-earnings ratio of -506.66, a PEG ratio of 17.92 and a beta of 0.93. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.82 and a current ratio of 1.82. The company has a 50-day simple moving average of $179.55 and a 200 day simple moving average of $160.27. CrowdStrike Holdings, Inc. has a 52 week low of $92.25 and a 52 week high of $210.09.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings results on Wednesday, August 30th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.07. CrowdStrike had a negative return on equity of 4.05% and a negative net margin of 3.54%. The company had revenue of $731.63 million for the quarter, compared to analyst estimates of $725.44 million. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Canaccord Genuity Group boosted their price objective on shares of CrowdStrike from $175.00 to $185.00 and gave the company a “buy” rating in a research note on Tuesday, August 22nd. Guggenheim reissued a “buy” rating and set a $162.00 price objective on shares of CrowdStrike in a research note on Wednesday, August 23rd. Morgan Stanley boosted their price objective on shares of CrowdStrike from $175.00 to $187.00 and gave the company an “equal weight” rating in a research note on Monday. HSBC assumed coverage on shares of CrowdStrike in a research note on Friday, September 15th. They set a “buy” rating and a $200.00 price objective for the company. Finally, Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $175.00 to $200.00 and gave the company an “overweight” rating in a research note on Monday, August 28th. Three research analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $194.08.

About CrowdStrike

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.