Scientech Research LLC Has $4.60 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Scientech Research LLC lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 233.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,009 shares of the company’s stock after acquiring an additional 8,403 shares during the period. CrowdStrike accounts for 0.9% of Scientech Research LLC’s portfolio, making the stock its biggest holding. Scientech Research LLC’s holdings in CrowdStrike were worth $4,602,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock worth $5,149,124,000 after acquiring an additional 315,280 shares during the last quarter. First Trust Advisors LP lifted its holdings in CrowdStrike by 19.3% in the fourth 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 period. Legal & General Group Plc lifted its holdings in CrowdStrike by 3.0% in the second quarter. Legal & General Group Plc now owns 2,049,704 shares of the company’s stock worth $785,425,000 after purchasing an additional 60,607 shares during the period. Ameriprise Financial Inc. lifted its holdings in CrowdStrike by 4.4% in the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after purchasing an additional 77,100 shares during the period. Finally, Pathstone Holdings LLC acquired a new stake in CrowdStrike in the fourth quarter worth about $450,418,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 1.7 %

CRWD opened at $281.48 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $160.67 and a 1-year high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $69.00 billion, a price-to-earnings ratio of 531.10, a P/E/G ratio of 19.60 and a beta of 1.09. The business has a 50 day moving average of $260.01 and a 200-day moving average of $311.39.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating 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 company had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the prior year, the business earned $0.06 earnings per share. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insider Activity

In related news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the transaction, the chief executive officer now directly owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,683 shares of the firm’s stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $297.28, for a total value of $500,322.24. Following the completion of the transaction, the chief accounting officer now directly owns 38,962 shares of the company’s stock, valued at $11,582,623.36. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,962 shares of company stock valued at $34,477,948. 4.34% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research 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 report on Monday, July 29th. The Goldman Sachs Group reduced their price objective on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a report on Thursday, August 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. Stifel Nicolaus reduced their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Wedbush reissued an “outperform” rating and issued a $315.00 price target on shares of CrowdStrike in a report on Friday, August 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have issued a buy rating and two have given 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 $326.50.

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.