Stonekeep Investments LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Stonekeep Investments LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 694 shares of the company’s stock, valued at approximately $266,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of CrowdStrike by 2.0% in the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after buying an additional 315,280 shares during the last quarter. Norges Bank bought a new position in shares of CrowdStrike in the 4th quarter valued at approximately $683,336,000. First Trust Advisors LP lifted its holdings in CrowdStrike by 19.3% in the 4th 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 last quarter. Pathstone Holdings LLC bought a new stake in CrowdStrike during the fourth quarter worth approximately $450,418,000. Finally, Bank of New York Mellon Corp grew its holdings 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 purchasing an additional 564,662 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analyst Ratings Changes

CRWD has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company decreased their price target on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Morgan Stanley lowered their price target on CrowdStrike from $360.00 to $325.00 and set an “overweight” rating on the stock in a research report on Thursday, August 15th. Citigroup cut their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. Finally, TD Cowen lowered their target price on CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $327.16.

CrowdStrike Stock Down 3.9 %

Shares of NASDAQ CRWD opened at $246.39 on Monday. 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 company has a market cap of $59.96 billion, a price-to-earnings ratio of 464.89, a price-to-earnings-growth ratio of 15.68 and a beta of 1.09. CrowdStrike Holdings, Inc. has a 12-month low of $157.59 and a 12-month high of $398.33. The firm’s 50-day simple moving average is $289.69 and its 200 day simple moving average is $315.94.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, beating the consensus estimate of $0.97 by $0.07. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The business had revenue of $963.87 million for the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the firm earned $0.06 earnings per share. CrowdStrike’s revenue was up 31.7% compared to the same quarter last year. On average, research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on 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 transaction, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the sale, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares in the company, valued at approximately $46,563,660. The disclosure for this sale can be found here. In the last ninety days, insiders sold 130,219 shares of company stock valued at $48,856,294. Company insiders own 4.34% of the company’s stock.

CrowdStrike 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.