2,947 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Bought by Ground Swell Capital LLC

Ground Swell Capital LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 2,947 shares of the company's stock, valued at approximately $1,129,000. CrowdStrike makes up 0.9% of Ground Swell Capital LLC's investment portfolio, making the stock its 9th biggest position.

A number of other hedge funds have also bought and sold shares of the company. Trivant Custom Portfolio Group LLC bought a new stake in shares of CrowdStrike during the 1st quarter valued at about $30,000. Family Firm Inc. acquired a new position in shares of CrowdStrike during the second quarter valued at $30,000. Johnson Financial Group Inc. bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $31,000. Northwest Bank & Trust Co acquired a new position in shares of CrowdStrike during the fourth quarter valued at approximately $32,000. Finally, Future Financial Wealth Managment LLC bought a new stake in CrowdStrike during the first quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the company's stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the transaction, the chief accounting officer now directly owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, CAO Anurag Saha sold 1,662 shares of the 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 transaction, the chief accounting officer now owns 40,645 shares of the company's stock, valued at approximately $15,470,706.35. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total value of $3,900,100.00. Following the sale, the director now directly owns 18,297 shares of the company's stock, valued at $7,136,012.97. 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 three months. 4.34% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CRWD shares. Robert W. Baird cut their price target on shares of CrowdStrike from $335.00 to $315.00 and set an "outperform" rating for the company in a report on Thursday, August 29th. KeyCorp decreased their target price on CrowdStrike from $440.00 to $420.00 and set an "overweight" rating on the stock in a report on Wednesday, July 17th. DA Davidson upped their target price on CrowdStrike from $290.00 to $310.00 and gave the company a "buy" rating in a report on Thursday, August 29th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research note on Thursday, August 29th. Finally, Jefferies Financial Group reduced their price objective on shares of CrowdStrike from $400.00 to $300.00 and set a "buy" rating for the company in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirty-three have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $327.16.

CrowdStrike Price Performance

Shares of NASDAQ:CRWD traded up $5.79 on Wednesday, hitting $253.53. The stock had a trading volume of 2,661,749 shares, compared to its average volume of 5,370,180. The firm's 50 day moving average price is $284.03 and its 200-day moving average price is $315.04. 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 twelve month low of $157.59 and a twelve month high of $398.33. The company has a market capitalization of $61.70 billion, a price-to-earnings ratio of 479.04, a price-to-earnings-growth ratio of 15.68 and a beta of 1.09.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. CrowdStrike had a net margin of 4.84% and a return on equity of 8.44%. The firm's quarterly revenue was up 31.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.06 EPS. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.56 earnings per share 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.