MayTech Global Investments LLC Acquires New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MayTech Global Investments LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 34,066 shares of the company’s stock, valued at approximately $13,054,000. CrowdStrike accounts for 2.0% of MayTech Global Investments LLC’s portfolio, making the stock its 18th biggest position.

Other institutional investors also recently bought and sold shares of the company. Arlington Financial Advisors LLC boosted its stake in shares of CrowdStrike by 1.5% in the second quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock valued at $778,000 after purchasing an additional 30 shares during the period. Saturna Capital Corp boosted its position in CrowdStrike by 2.7% in the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock valued at $408,000 after buying an additional 33 shares during the period. Means Investment CO. Inc. grew its stake in shares of CrowdStrike by 1.8% in the second quarter. Means Investment CO. Inc. now owns 1,933 shares of the company’s stock worth $741,000 after acquiring an additional 35 shares in the last quarter. Shepherd Financial Partners LLC increased its position in shares of CrowdStrike by 1.4% during the fourth quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after acquiring an additional 36 shares during the period. Finally, Albion Financial Group UT raised its stake in shares of CrowdStrike by 3.7% in the first quarter. Albion Financial Group UT now owns 1,096 shares of the company’s stock valued at $351,000 after acquiring an additional 39 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on CRWD shares. Barclays boosted their target price on CrowdStrike from $285.00 to $295.00 and gave the stock an “overweight” rating in a research note on Thursday, August 29th. Susquehanna cut their target price on shares of CrowdStrike from $410.00 to $310.00 and set a “positive” rating on the stock in a research note on Thursday, September 5th. Robert W. Baird decreased their price target on shares of CrowdStrike from $335.00 to $315.00 and set an “outperform” rating for the company in a research note on Thursday, August 29th. Needham & Company LLC reiterated a “buy” rating and issued a $350.00 price objective on shares of CrowdStrike in a report on Friday, September 6th. Finally, The Goldman Sachs Group reduced their price target on shares of CrowdStrike from $400.00 to $295.00 and set a “buy” rating for the company in a research report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $327.16.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total value of $1,723,185.00. Following the sale, the insider now directly owns 200,672 shares in the company, valued at approximately $76,843,328.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now directly owns 200,672 shares of the company’s stock, valued at approximately $76,843,328.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 55,587 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $376.45, for a total value 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 approximately $424,576,497.35. The disclosure for this sale can be found here. Insiders sold a total of 130,219 shares of company stock worth $48,856,294 over the last 90 days. 4.34% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Up 0.8 %

Shares of CRWD opened at $259.13 on Friday. CrowdStrike Holdings, Inc. has a twelve month low of $157.59 and a twelve month high of $398.33. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $63.06 billion, a P/E ratio of 488.92, a PEG ratio of 16.14 and a beta of 1.09. The firm’s 50-day moving average is $276.14 and its two-hundred day moving average is $313.73.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share 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 analysts’ expectations 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 prior year, the firm posted $0.06 EPS. On average, research analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share 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.