Clarity Capital Partners LLC Has $1.67 Million Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Clarity Capital Partners LLC raised its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWDFree Report) by 64.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 5,192 shares of the company’s stock after acquiring an additional 2,031 shares during the period. CrowdStrike accounts for 1.1% of Clarity Capital Partners LLC’s investment portfolio, making the stock its 27th biggest position. Clarity Capital Partners LLC’s holdings in CrowdStrike were worth $1,665,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in 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 buying an additional 1,028,405 shares during the period. Jennison Associates LLC increased its holdings in shares of CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after acquiring an additional 1,581,796 shares during the last quarter. Norges Bank bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $683,336,000. First Trust Advisors LP raised its holdings in CrowdStrike by 19.3% in the 4th quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after acquiring an additional 358,945 shares during the period. Finally, Pathstone Holdings LLC bought a new position in shares of CrowdStrike in the fourth quarter worth about $450,418,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Guggenheim reissued a “buy” rating and issued a $424.00 price objective on shares of CrowdStrike in a research report on Tuesday, June 25th. Needham & Company LLC restated a “buy” rating and issued a $425.00 price target on shares of CrowdStrike in a research report on Wednesday, June 5th. BTIG Research cut their price objective on shares of CrowdStrike from $432.00 to $402.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Oppenheimer lifted their target price on CrowdStrike from $355.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 5th. Finally, FBN Securities upgraded CrowdStrike to a “strong-buy” rating in a research note on Wednesday, June 5th. Two research analysts have rated the stock with a hold rating, thirty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $382.35.

Get Our Latest Stock Analysis on CRWD

CrowdStrike Trading Down 3.0 %

Shares of NASDAQ CRWD traded down $11.43 during mid-day trading on Wednesday, hitting $374.45. The company’s stock had a trading volume of 5,821,282 shares, compared to its average volume of 4,131,848. CrowdStrike Holdings, Inc. has a one year low of $140.52 and a one year high of $398.33. The company’s fifty day simple moving average is $355.78 and its 200-day simple moving average is $321.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The stock has a market cap of $91.13 billion, a price-to-earnings ratio of 706.51, a price-to-earnings-growth ratio of 19.69 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWDGet Free Report) last announced its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. On average, sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 15,000 shares of CrowdStrike 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 transaction, the director now directly owns 824,234 shares in the company, valued at $313,382,009.14. The disclosure for this sale can be found here. Insiders sold a total of 219,675 shares of company stock valued at $76,681,402 over the last three months. Company insiders own 4.34% of the company’s stock.

CrowdStrike Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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