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

Ithaka Group LLC boosted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 92.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,559 shares of the company’s stock after buying an additional 9,412 shares during the period. CrowdStrike accounts for about 1.4% of Ithaka Group LLC’s investment 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 filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CRWD. Family Firm Inc. bought a new stake in CrowdStrike during the second quarter valued at about $30,000. Unique Wealth Strategies LLC bought a new stake in shares of CrowdStrike in the 2nd quarter valued at about $36,000. Trivant Custom Portfolio Group LLC purchased a new position in shares of CrowdStrike in the 1st quarter worth approximately $30,000. Hobbs Group Advisors LLC bought a new position in shares of CrowdStrike during the 2nd quarter worth approximately $38,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $32,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on CRWD shares. Guggenheim lowered CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. Sanford C. Bernstein cut their price objective on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating on the stock in a report on Thursday, September 5th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a research note on Monday, August 26th. TD Cowen dropped their price objective on shares of CrowdStrike from $400.00 to $380.00 and set a “buy” rating on the stock in a report on Thursday, August 29th. Finally, KeyCorp cut their price objective on CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $327.16.

CrowdStrike Price Performance

CrowdStrike stock opened at $259.13 on Monday. The company has a market capitalization of $63.06 billion, a price-to-earnings ratio of 488.92, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.90 and a current ratio of 1.90. CrowdStrike Holdings, Inc. has a 1 year low of $157.59 and a 1 year high of $398.33. The company’s 50 day simple moving average is $276.14 and its 200-day simple moving average is $313.67.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analysts’ expectations of $958.27 million. During the same period in the previous year, the firm posted $0.06 earnings per share. The company’s revenue was up 31.7% on a year-over-year basis. As a group, equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.56 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 10,735 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 $4,086,063.05. Following the sale, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The shares were 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 of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 125,719 shares of company stock valued at $47,133,109 in the last ninety days. Company insiders own 4.34% of the company’s stock.

CrowdStrike Company 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.