Ameritas Investment Partners Inc. Raises Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ameritas Investment Partners Inc. grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 38.2% during the second quarter, HoldingsChannel.com reports. The fund owned 9,126 shares of the company’s stock after acquiring an additional 2,524 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in CrowdStrike were worth $3,497,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Trivant Custom Portfolio Group LLC bought a new position in shares of CrowdStrike in the 1st quarter valued at about $30,000. Family Firm Inc. bought a new stake in shares of CrowdStrike in the 2nd quarter valued at approximately $30,000. Johnson Financial Group Inc. purchased a new position in shares of CrowdStrike in the 4th quarter worth approximately $31,000. Northwest Bank & Trust Co bought a new position in shares of CrowdStrike during the 4th quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in CrowdStrike during the 1st quarter valued at $32,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 8.1 %

CrowdStrike stock opened at $299.85 on Friday. The business’s 50-day simple moving average is $265.90 and its two-hundred day simple moving average is $312.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $72.97 billion, a PE ratio of 565.75, a PEG ratio of 16.14 and a beta of 1.09. CrowdStrike Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week high of $398.33.

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

Wall Street Analyst Weigh In

Several research firms have commented on CRWD. 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 note on Thursday, August 29th. Deutsche Bank Aktiengesellschaft reduced their price target on CrowdStrike from $350.00 to $275.00 and set a “hold” rating on the stock in a report on Monday, August 26th. Wells Fargo & Company dropped their price objective on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 22nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 target price on shares of CrowdStrike in a research note on Thursday. Finally, Argus lowered their target price on shares of CrowdStrike from $400.00 to $325.00 and set a “buy” rating for the company in a research note on Friday, August 30th. One equities research 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $327.03.

Insider Activity

In related news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of the transaction, the director now directly owns 824,234 shares in the company, valued at $313,382,009.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the completion of 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 document filed with the SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 8,077 shares of the business’s 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 completion of the transaction, the insider now directly owns 187,091 shares of the company’s stock, valued at $70,157,254.09. The disclosure for this sale can be found here. Insiders have sold 45,577 shares of company stock valued at $16,330,609 in the last ninety days. 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.