Transcend Capital Advisors LLC Makes New $229,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Transcend Capital Advisors LLC purchased a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 597 shares of the company’s stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake 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 buying an additional 315,280 shares during the period. Jennison Associates LLC increased its holdings in CrowdStrike by 33.2% in the fourth quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares during the last quarter. Norges Bank bought a new position in CrowdStrike during the fourth quarter worth about $683,336,000. First Trust Advisors LP grew its position in shares of CrowdStrike by 19.3% during the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after buying an additional 358,945 shares during the period. Finally, Pathstone Holdings LLC bought a new stake in shares of CrowdStrike in the 4th quarter valued at about $450,418,000. Institutional investors and hedge funds own 71.16% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CRWD shares. Hsbc Global Res cut shares of CrowdStrike from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price target on shares of CrowdStrike in a report on Friday, June 21st. Westpark Capital reaffirmed a “hold” rating on shares of CrowdStrike in a research note on Tuesday, July 23rd. Robert W. Baird decreased their target price on CrowdStrike from $350.00 to $335.00 and set an “outperform” rating for the company in a research note on Tuesday, July 23rd. Finally, Truist Financial lowered their price target on CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $351.76.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $1.96 during midday trading on Monday, hitting $219.85. 7,249,999 shares of the company were exchanged, compared to its average volume of 5,349,436. CrowdStrike Holdings, Inc. has a 52 week low of $140.52 and a 52 week high of $398.33. The firm has a market capitalization of $53.50 billion, a P/E ratio of 411.84, a PEG ratio of 11.79 and a beta of 1.10. The firm’s 50 day moving average price is $342.74 and its two-hundred day moving average price is $324.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data 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). The firm had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.87 earnings per share for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $371.32, for a total transaction of $1,485,280.00. Following the transaction, the insider now directly owns 183,091 shares of the company’s stock, valued at $67,985,350.12. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at approximately $424,576,497.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares in the company, valued at $67,985,350.12. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,643 shares of company stock valued at $54,992,604. 4.34% of the stock is currently owned by corporate insiders.

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.