Sepio Capital LP Boosts Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sepio Capital LP grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,009 shares of the company’s stock after purchasing an additional 1,082 shares during the period. Sepio Capital LP’s holdings in CrowdStrike were worth $3,473,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Abich Financial Wealth Management LLC purchased a new stake in CrowdStrike in the second quarter valued at approximately $25,000. Trivant Custom Portfolio Group LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at $30,000. Family Firm Inc. acquired a new stake in shares of CrowdStrike in the second quarter valued at $30,000. Northwest Bank & Trust Co purchased a new stake in shares of CrowdStrike in the 4th quarter valued at $32,000. Finally, Future Financial Wealth Managment LLC acquired a new position in CrowdStrike during the 1st quarter worth about $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $285.86 on Friday. The firm’s fifty day simple moving average is $259.63 and its 200-day simple moving average is $311.17. CrowdStrike Holdings, Inc. has a 12 month low of $160.86 and a 12 month high of $398.33. The stock has a market capitalization of $69.57 billion, a price-to-earnings ratio of 539.36, a PEG 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 announced 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 net margin of 4.84% and a return on equity of 8.44%. The business 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 company earned $0.06 earnings per share. The business’s revenue was up 31.7% compared to the same quarter last year. As a group, equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.53 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 55,325 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 1,109,746 shares of the company’s stock, valued at $329,172,858.52. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO George Kurtz sold 55,325 shares of CrowdStrike stock in a transaction dated 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 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 SEC, which can be accessed through this hyperlink. Also, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the transaction, the insider now owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. Insiders sold a total of 111,962 shares of company stock valued at $34,477,948 in the last ninety days. Insiders own 4.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CRWD. Piper Sandler reaffirmed an “overweight” rating and issued a $290.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. 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 report on Thursday, August 29th. DA Davidson reiterated a “buy” rating and set a $310.00 target price on shares of CrowdStrike in a report on Wednesday, September 18th. BMO Capital Markets boosted their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $350.00 price objective on shares of CrowdStrike in a research note on Thursday, September 19th. One research 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 given a strong buy rating to the company. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average price target 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.