Zega Financial LLC Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Zega Financial LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 24.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,184 shares of the company’s stock after acquiring an additional 624 shares during the period. Zega Financial LLC’s holdings in CrowdStrike were worth $1,220,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares during the last quarter. First Trust Advisors LP boosted its holdings in CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock valued at $565,461,000 after acquiring an additional 358,945 shares during the last quarter. Pathstone Holdings LLC purchased a new stake in CrowdStrike during the fourth quarter valued at about $450,418,000. Bank of New York Mellon Corp grew its position in 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 valued at $671,828,000 after acquiring an additional 564,662 shares during the period. Finally, Wells Fargo & Company MN increased its stake in 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 acquiring an additional 30,557 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 0.3 %

Shares of NASDAQ CRWD opened at $268.72 on Wednesday. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33. The company has a market cap of $65.40 billion, a price-to-earnings ratio of 507.02, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. 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 stock’s 50 day simple moving average is $271.34 and its 200 day simple moving average is $312.95.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating 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 return on equity of 8.44% and a net margin of 4.84%. The firm’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period last year, the business posted $0.06 earnings per share. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CRWD shares. Cantor Fitzgerald reduced their price objective on CrowdStrike from $400.00 to $350.00 and set an “overweight” rating on the stock in a research note on Thursday, August 29th. Morgan Stanley reaffirmed an “overweight” rating and set a $325.00 price target on shares of CrowdStrike in a research report on Monday, September 9th. Oppenheimer dropped their price objective on shares of CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a research report on Thursday, August 29th. Raymond James cut their target price on shares of CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday, August 29th. Finally, Canaccord Genuity Group decreased their price target on shares of CrowdStrike from $340.00 to $330.00 and set a “buy” rating for the company in a research report on Thursday, August 29th. One investment 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. According to data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and an average price target of $327.16.

Insiders Place Their Bets

In other news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares in the company, valued at $7,136,012.97. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. In the last 90 days, insiders sold 130,219 shares of company stock worth $48,306,394. 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.