Headlands Technologies LLC Grows Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Headlands Technologies LLC raised its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 423.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 20,719 shares of the company's stock after purchasing an additional 16,764 shares during the quarter. CrowdStrike accounts for approximately 0.8% of Headlands Technologies LLC's investment portfolio, making the stock its 18th biggest holding. Headlands Technologies LLC's holdings in CrowdStrike were worth $7,939,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Arlington Financial Advisors LLC boosted its stake in shares of 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 boosted its stake in shares of 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. boosted its stake in shares of 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 boosted its stake in shares of 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, Albion Financial Group UT boosted its stake in shares of CrowdStrike by 3.7% during the 1st quarter. Albion Financial Group UT now owns 1,096 shares of the company's stock worth $351,000 after acquiring an additional 39 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CRWD shares. Royal Bank of Canada reduced their price target on shares of CrowdStrike from $345.00 to $335.00 and set an "outperform" rating for the company in a research report on Thursday, August 29th. Rosenblatt Securities reduced their price target on shares of CrowdStrike from $350.00 to $330.00 and set a "buy" rating for the company in a research report on Monday, August 26th. Scotiabank reduced their price target on shares of CrowdStrike from $300.00 to $265.00 and set a "sector perform" rating for the company in a research report on Wednesday, August 14th. Truist Financial restated a "buy" rating and set a $325.00 price target on shares of CrowdStrike in a research report on Wednesday, August 28th. Finally, BMO Capital Markets upped their price target on shares of CrowdStrike from $290.00 to $315.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $327.16.

CrowdStrike Stock Up 0.5 %

NASDAQ:CRWD traded up $1.16 during midday trading on Tuesday, hitting $247.74. 2,197,479 shares of the company were exchanged, compared to its average volume of 5,385,677. The company has a fifty day simple moving average of $284.03 and a 200 day simple moving average of $315.04. CrowdStrike Holdings, Inc. has a fifty-two week low of $157.59 and a fifty-two week 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 company has a market capitalization of $60.29 billion, a PE ratio of 467.43, a price-to-earnings-growth ratio of 15.68 and a beta of 1.09.

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

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of CrowdStrike 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 transaction, the president now directly owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, President Michael Sentonas sold 10,735 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 $4,086,063.05. Following the sale, the president now owns 411,166 shares of the company's stock, valued at $156,502,114.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the sale, the director now directly owns 18,297 shares in the company, valued at approximately $7,136,012.97. The disclosure for this sale can be found here. Over the last three months, insiders have sold 130,219 shares of company stock worth $48,856,294. 4.34% of the stock is owned by company insiders.

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.