Meitav Investment House Ltd. Raises Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Meitav Investment House Ltd. lifted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 14.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 733 shares of the company’s stock after purchasing an additional 93 shares during the quarter. Meitav Investment House Ltd.’s holdings in CrowdStrike were worth $283,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of CRWD. Arlington Financial Advisors LLC lifted its position in CrowdStrike by 1.5% during the 2nd quarter. Arlington Financial Advisors LLC now owns 2,030 shares of the company’s stock worth $778,000 after acquiring an additional 30 shares in the last quarter. Saturna Capital Corp lifted its position in CrowdStrike by 2.7% during the 1st quarter. Saturna Capital Corp now owns 1,273 shares of the company’s stock worth $408,000 after acquiring an additional 33 shares in the last quarter. Means Investment CO. Inc. lifted its position in CrowdStrike by 1.8% during the 2nd 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 lifted its position in CrowdStrike by 1.4% during the 4th quarter. Shepherd Financial Partners LLC now owns 2,528 shares of the company’s stock worth $645,000 after acquiring an additional 36 shares in the last quarter. Finally, Venturi Wealth Management LLC lifted its position in CrowdStrike by 2.2% during the 1st quarter. Venturi Wealth Management LLC now owns 1,814 shares of the company’s stock worth $582,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity

In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction 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 sale, the chief accounting officer now owns 40,645 shares in the company, valued at $15,470,706.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Anurag Saha sold 1,662 shares of the company’s stock in a transaction on 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 sale, the chief accounting officer now directly owns 40,645 shares of the company’s stock, valued at $15,470,706.35. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $371.32, for a total value of $1,485,280.00. Following the sale, the insider now directly owns 183,091 shares of the company’s stock, valued at $67,985,350.12. 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 company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRWD. Wells Fargo & Company reduced their price target on CrowdStrike from $435.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 22nd. Sanford C. Bernstein cut their target price on CrowdStrike from $381.00 to $315.00 and set an “outperform” rating on the stock in a research report on Monday, August 19th. The Goldman Sachs Group cut their target price on CrowdStrike from $400.00 to $295.00 and set a “buy” rating on the stock in a research report on Thursday, August 15th. JMP Securities reaffirmed a “market outperform” rating and issued a $400.00 target price on shares of CrowdStrike in a research report on Tuesday, May 14th. Finally, Piper Sandler raised CrowdStrike from a “neutral” rating to an “overweight” rating and cut their target price for the company from $310.00 to $290.00 in a research report on Tuesday, August 6th. One analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average price target of $322.51.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $13.75 on Thursday, hitting $277.95. The company’s stock had a trading volume of 10,162,282 shares, compared to its average volume of 5,413,461. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The company has a market capitalization of $67.64 billion, a price-to-earnings ratio of 525.98, a price-to-earnings-growth ratio of 11.79 and a beta of 1.10. The stock’s 50-day moving average is $308.66 and its two-hundred day moving average is $319.21. CrowdStrike Holdings, Inc. has a 12 month low of $145.38 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.01. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company’s revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.87 EPS for the current 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.