Pacer Advisors Inc. Purchases 9,198 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Pacer Advisors Inc. raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 32.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,916 shares of the company’s stock after purchasing an additional 9,198 shares during the period. Pacer Advisors Inc.’s holdings in CrowdStrike were worth $14,529,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Trivant Custom Portfolio Group LLC bought a new position in CrowdStrike during the first quarter valued at $30,000. Family Firm Inc. bought a new position in CrowdStrike during the second quarter valued at $30,000. Johnson Financial Group Inc. bought a new position in CrowdStrike during the fourth quarter valued at $31,000. Northwest Bank & Trust Co bought a new position in CrowdStrike during the fourth quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC bought a new position in CrowdStrike during the first quarter valued at $32,000. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In related news, Director Roxanne S. Austin sold 10,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now owns 174,591 shares in the company, valued at approximately $45,521,111.43. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of the company’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 value of $3,900,100.00. Following the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock worth $13,301,815 in the last 90 days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 8.1 %

CRWD opened at $299.85 on Monday. The company has a market cap of $72.97 billion, a P/E ratio of 565.75, a P/E/G ratio of 16.14 and a beta of 1.09. The business’s 50-day moving average price is $265.90 and its 200-day moving average price is $312.27. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 12 month low of $157.59 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $958.27 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. The company’s quarterly revenue was up 31.7% on a year-over-year basis. On average, equities analysts expect that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Wall Street Analyst Weigh In

CRWD has been the topic of several recent research reports. Evercore ISI dropped their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 30th. TD Cowen cut their price target on CrowdStrike from $400.00 to $380.00 and set a “buy” rating for the company in a report on Thursday, August 29th. FBN Securities raised CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Oppenheimer cut their price target on CrowdStrike from $450.00 to $365.00 and set an “outperform” rating for the company in a report on Thursday, August 29th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $325.00 price target on shares of CrowdStrike in a report on Monday, September 9th. One equities research 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $327.03.

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.