Mezzasalma Advisors LLC Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Mezzasalma Advisors LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 40.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,376 shares of the company’s stock after acquiring an additional 1,847 shares during the quarter. Mezzasalma Advisors LLC’s holdings in CrowdStrike were worth $2,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CRWD. Hexagon Capital Partners LLC purchased a new position in CrowdStrike during the fourth quarter valued at approximately $26,000. Trivant Custom Portfolio Group LLC purchased a new stake in CrowdStrike in the 1st quarter worth $30,000. Family Firm Inc. purchased a new stake in CrowdStrike in the 2nd quarter worth $30,000. Johnson Financial Group Inc. purchased a new position in shares of CrowdStrike in the fourth quarter valued at about $31,000. Finally, Northwest Bank & Trust Co bought a new position in shares of CrowdStrike in the fourth quarter worth about $32,000. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 179,091 shares in the company, valued at $46,563,660. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Roxanne S. Austin sold 10,000 shares of the company’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Shawn Henry sold 4,000 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the sale, the insider now owns 179,091 shares in the company, valued at $46,563,660. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,219 shares of company stock worth $48,856,294. Corporate insiders own 4.34% of the company’s stock.

CrowdStrike Stock Up 2.1 %

Shares of NASDAQ CRWD traded up $5.61 during midday trading on Friday, reaching $277.28. 6,616,984 shares of the company’s stock were exchanged, compared to its average volume of 5,438,020. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. CrowdStrike Holdings, Inc. has a 52-week low of $145.38 and a 52-week high of $398.33. The business’s fifty day moving average price is $301.88 and its two-hundred day moving average price is $318.20. The stock has a market capitalization of $67.48 billion, a PE ratio of 523.17, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.07. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same period in the previous year, the business earned $0.06 EPS. CrowdStrike’s revenue for the quarter was up 31.7% compared to the same quarter last year. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on CRWD. Cantor Fitzgerald lowered their price target on CrowdStrike from $400.00 to $350.00 and set an “overweight” rating on the stock in a report on Thursday. Redburn Atlantic lowered shares of CrowdStrike from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $380.00 to $275.00 in a research report on Thursday, July 18th. Morgan Stanley cut their target price on shares of CrowdStrike from $360.00 to $325.00 and set an “overweight” rating for the company in a research note on Thursday, August 15th. Scotiabank dropped their price objective on shares of CrowdStrike from $300.00 to $265.00 and set a “sector perform” rating for the company in a report on Wednesday, August 14th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $325.00 target price on shares of CrowdStrike in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-four have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $326.15.

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.