Ithaka Group LLC Grows Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Ithaka Group LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 92.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,559 shares of the company’s stock after purchasing an additional 9,412 shares during the period. CrowdStrike makes up approximately 1.4% of Ithaka Group LLC’s portfolio, making the stock its 27th biggest holding. Ithaka Group LLC’s holdings in CrowdStrike were worth $7,495,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new stake in shares of CrowdStrike during the 4th quarter valued at $683,336,000. Pathstone Holdings LLC bought a new position in shares of CrowdStrike during the 4th quarter valued at about $450,418,000. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 7.0% during the 4th 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 in the last quarter. Bank of New York Mellon Corp boosted its stake in CrowdStrike by 47.5% in the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company’s stock worth $671,828,000 after buying an additional 564,662 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake 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 worth $177,865,000 after acquiring an additional 477,706 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CEO George Kurtz sold 55,587 shares of CrowdStrike stock in a transaction on Friday, June 21st. The stock was sold at an average price of $376.45, for a total transaction of $20,925,726.15. Following the completion of the sale, the chief executive officer now directly owns 1,127,843 shares in the company, valued at $424,576,497.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction dated 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 in the company, valued at $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold 125,719 shares of company stock valued at $47,133,109 over the last ninety days. 4.34% of the stock is owned by insiders.

Analyst Ratings Changes

CRWD has been the topic of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $325.00 target price on shares of CrowdStrike in a research report on Monday, September 9th. UBS Group reduced their price target on CrowdStrike from $330.00 to $310.00 and set a “buy” rating on the stock in a research report on Thursday, August 29th. Truist Financial reissued a “buy” rating and set a $325.00 price objective on shares of CrowdStrike in a research note on Wednesday, August 28th. The Goldman Sachs Group lowered their price target 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. Finally, KeyCorp lowered their price objective on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating for the company in a research note on Wednesday, July 17th. 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. According to data from MarketBeat.com, CrowdStrike presently has an average rating of “Moderate Buy” and a consensus price target of $327.16.

CrowdStrike Stock Up 0.8 %

Shares of CRWD stock opened at $259.13 on Monday. The stock has a market cap of $63.06 billion, a P/E ratio of 488.92, a PEG ratio of 16.14 and a beta of 1.09. The company’s fifty day simple moving average is $276.14 and its two-hundred day simple moving average is $313.67. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26. CrowdStrike Holdings, Inc. has a 52 week low of $157.59 and a 52 week high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.07. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The company’s revenue was up 31.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS. Analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

About CrowdStrike

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.