Susquehanna Fundamental Investments LLC Buys Shares of 112,600 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Susquehanna Fundamental Investments LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 112,600 shares of the company’s stock, valued at approximately $43,147,000. CrowdStrike makes up about 1.0% of Susquehanna Fundamental Investments LLC’s investment portfolio, making the stock its 4th largest position.

A number of other institutional investors and hedge funds have also made changes to their positions in CRWD. Pathstone Holdings LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $450,418,000. Vanguard Group Inc. increased its position in shares of CrowdStrike by 7.0% during the fourth quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after acquiring an additional 1,028,405 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock valued at $671,828,000 after acquiring an additional 564,662 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of CrowdStrike by 619.0% during the first quarter. Acadian Asset Management LLC now owns 554,876 shares of the company’s stock valued at $177,865,000 after acquiring an additional 477,706 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $100,459,000. Institutional investors own 71.16% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CRWD. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and reduced their price target for the company from $380.00 to $275.00 in a research report on Thursday, July 18th. Jefferies Financial Group raised their price target on shares of CrowdStrike from $315.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday. Wells Fargo & Company cut their target price on shares of CrowdStrike from $435.00 to $350.00 and set an “overweight” rating for the company in a research report on Monday, July 22nd. Morgan Stanley reaffirmed an “overweight” rating and issued a $325.00 target price on shares of CrowdStrike in a research report on Monday, September 9th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 target price on shares of CrowdStrike in a research report on Thursday, September 19th. 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 assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.50.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,178 shares of the business’s stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $297.47, for a total value of $3,325,119.66. Following the sale, the chief financial officer now directly owns 286,472 shares in the company, valued at approximately $85,216,825.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO George Kurtz sold 55,325 shares of the business’s 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 directly owns 1,109,746 shares in the company, valued at approximately $329,172,858.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Burt W. Podbere sold 11,178 shares of the business’s stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $297.47, for a total transaction of $3,325,119.66. Following the completion of the sale, the chief financial officer now owns 286,472 shares in the company, valued at $85,216,825.84. The disclosure for this sale can be found here. Insiders have sold a total of 111,962 shares of company stock worth $34,477,948 in the last three months. Insiders own 4.34% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $285.86 on Friday. 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 $69.57 billion, a P/E ratio of 539.36, a P/E/G ratio of 19.60 and a beta of 1.09. The firm’s fifty day moving average is $259.63 and its two-hundred day moving average is $311.17. CrowdStrike Holdings, Inc. has a 52-week low of $160.86 and a 52-week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 EPS. As a group, analysts anticipate that CrowdStrike Holdings, Inc. will post 0.53 EPS for the current fiscal 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.