Maverick Capital Ltd. Has $3.78 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Maverick Capital Ltd. increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 191.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,875 shares of the company’s stock after buying an additional 6,484 shares during the quarter. Maverick Capital Ltd.’s holdings in CrowdStrike were worth $3,784,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MBB Public Markets I LLC lifted its position in shares of CrowdStrike by 2,327.1% in the 2nd quarter. MBB Public Markets I LLC now owns 16,237 shares of the company’s stock worth $6,222,000 after acquiring an additional 15,568 shares during the period. Daymark Wealth Partners LLC increased its position in shares of CrowdStrike by 626.7% during the second quarter. Daymark Wealth Partners LLC now owns 8,045 shares of the company’s stock valued at $3,083,000 after purchasing an additional 6,938 shares during the period. Delta Investment Management LLC raised its stake in shares of CrowdStrike by 18.3% in the second quarter. Delta Investment Management LLC now owns 3,960 shares of the company’s stock valued at $1,517,000 after purchasing an additional 612 shares in the last quarter. Disciplined Equity Management Inc. lifted its position in CrowdStrike by 5.7% in the second quarter. Disciplined Equity Management Inc. now owns 2,590 shares of the company’s stock worth $992,000 after purchasing an additional 140 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in CrowdStrike by 4.4% during the second quarter. Ameriprise Financial Inc. now owns 1,817,387 shares of the company’s stock worth $696,471,000 after buying an additional 77,100 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the firm’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $296.62, for a total transaction of $16,410,501.50. Following the transaction, the chief executive officer now owns 1,109,746 shares in the company, valued at $329,172,858.52. The sale was disclosed in a document filed with the SEC, which is available through this link. In other CrowdStrike news, CEO George Kurtz sold 55,325 shares of the company’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $296.62, for a total value of $16,410,501.50. Following the completion of the sale, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 15,000 shares of the stock in a transaction 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 sale, the director now owns 824,234 shares in the company, valued at $313,382,009.14. The disclosure for this sale can be found here. Over the last quarter, insiders sold 111,962 shares of company stock worth $34,477,948. 4.34% of the stock is owned by insiders.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent research reports. Needham & Company LLC assumed coverage on shares of CrowdStrike in a research note on Monday. They issued a “buy” rating and a $360.00 price objective for the company. Guggenheim lowered shares of CrowdStrike from a “buy” rating to a “neutral” rating in a research report on Monday, July 22nd. Raymond James decreased their price objective on CrowdStrike from $380.00 to $275.00 and set an “outperform” rating on the stock in a report on Thursday, August 29th. Scotiabank lowered their price objective on CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 14th. Finally, Evercore ISI cut their target price on CrowdStrike from $350.00 to $325.00 and set an “outperform” rating for the company in a research report on Tuesday, July 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, CrowdStrike has an average rating of “Moderate Buy” and an average price target of $326.50.

CrowdStrike Stock Down 1.7 %

Shares of NASDAQ:CRWD opened at $281.48 on Friday. The company has a 50 day moving average of $261.24 and a 200-day moving average of $311.60. CrowdStrike Holdings, Inc. has a one year low of $160.67 and a one year high of $398.33. The stock has a market cap 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 company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The firm had revenue of $963.87 million during 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 quarter in the previous year, the business earned $0.06 EPS. On average, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

CrowdStrike 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.