Bailard Inc. Acquires 870 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Bailard Inc. boosted its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,762 shares of the company’s stock after buying an additional 870 shares during the period. Bailard Inc.’s holdings in CrowdStrike were worth $7,573,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CRWD. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company’s stock valued at $5,149,124,000 after purchasing an additional 315,280 shares during the period. Norges Bank bought a new stake in shares of CrowdStrike during the fourth quarter valued at about $683,336,000. First Trust Advisors LP lifted its holdings in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company’s stock worth $565,461,000 after buying an additional 358,945 shares in the last quarter. Pathstone Holdings LLC bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $450,418,000. Finally, Bank of New York Mellon Corp grew its stake in 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. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Trading Down 2.1 %

Shares of CRWD traded down $5.67 during mid-day trading on Monday, hitting $265.87. 3,541,795 shares of the company’s stock traded hands, compared to its average volume of 5,384,787. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a market capitalization of $64.70 billion, a P/E ratio of 501.64, a PEG ratio of 11.79 and a beta of 1.10. The business’s 50-day moving average price is $311.05 and its 200-day moving average price is $319.63. CrowdStrike Holdings, Inc. has a 1 year low of $141.97 and a 1 year high of $398.33.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million for the quarter, compared to analysts’ expectations of $904.82 million. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on CRWD shares. Morgan Stanley cut their price target on shares of CrowdStrike from $360.00 to $325.00 and set an “overweight” rating for the company in a report on Thursday, August 15th. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Tuesday, July 23rd. DA Davidson reduced their target price on CrowdStrike from $380.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th. BMO Capital Markets lowered their price target on CrowdStrike from $410.00 to $290.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. Finally, Sanford C. Bernstein cut their price objective on CrowdStrike from $381.00 to $315.00 and set an “outperform” rating for the company in a report on Monday, August 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.46.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,000 shares of CrowdStrike stock in a transaction that occurred on 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 sale, the insider now directly owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Sameer K. Gandhi sold 15,000 shares of the business’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $380.21, for a total transaction of $5,703,150.00. Following the sale, the director now owns 824,234 shares in the company, valued at approximately $313,382,009.14. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the 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 completion of the transaction, the insider now owns 179,091 shares of the company’s stock, valued at $46,563,660. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock valued at $48,856,294 over the last three months. Corporate insiders own 4.34% of the company’s stock.

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.