CrowdStrike Holdings, Inc. (NASDAQ:CRWD) is Ieq Capital LLC’s 9th Largest Position

Ieq Capital LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 7.0% in the 2nd quarter, Holdings Channel.com reports. The fund owned 570,166 shares of the company’s stock after acquiring an additional 37,487 shares during the quarter. CrowdStrike comprises approximately 2.9% of Ieq Capital LLC’s investment portfolio, making the stock its 9th biggest position. Ieq Capital LLC’s holdings in CrowdStrike were worth $218,482,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CRWD. Pathstone Holdings LLC purchased a new stake in CrowdStrike in the 4th quarter worth $450,418,000. Vanguard Group Inc. grew its holdings in shares of CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock worth $4,020,299,000 after buying an additional 1,028,405 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of 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 worth $671,828,000 after buying an additional 564,662 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock worth $177,865,000 after buying an additional 477,706 shares in the last quarter. Finally, Frontier Capital Management Co. LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth $100,459,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 3.8 %

CRWD stock opened at $277.38 on Friday. The company’s 50 day moving average price is $267.33 and its 200 day moving average price is $312.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week high of $398.33. The firm has a market capitalization of $67.50 billion, a price-to-earnings ratio of 523.36, a PEG ratio of 16.14 and a beta of 1.09.

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Scotiabank dropped their target price on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Robert W. Baird dropped their price objective on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. JPMorgan Chase & Co. dropped their price objective on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating for the company in a report on Monday, July 29th. Royal Bank of Canada dropped their price objective on shares of CrowdStrike from $345.00 to $335.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Evercore ISI dropped their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $327.03.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 8,077 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $374.99, for a total value of $3,028,794.23. Following the transaction, the insider now directly owns 187,091 shares in the company, valued at $70,157,254.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $380.21, for a total value of $5,703,150.00. Following the transaction, the director now directly owns 824,234 shares in the company, valued at $313,382,009.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Shawn Henry sold 8,077 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $374.99, for a total transaction of $3,028,794.23. Following the transaction, the insider now owns 187,091 shares in the company, valued at $70,157,254.09. The disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock worth $16,330,609 over the last three months. Insiders own 4.34% of the company’s stock.

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.