Federated Hermes Inc. Acquires 9,564 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Federated Hermes Inc. increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 0.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,112,272 shares of the company's stock after acquiring an additional 9,564 shares during the quarter. CrowdStrike comprises 1.0% of Federated Hermes Inc.'s holdings, making the stock its 11th largest holding. Federated Hermes Inc. owned about 0.46% of CrowdStrike worth $426,212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. TradeLink Capital LLC bought a new stake in CrowdStrike during the second quarter valued at $958,000. Executive Wealth Management LLC boosted its position in shares of CrowdStrike by 3.4% during the 2nd quarter. Executive Wealth Management LLC now owns 2,265 shares of the company's stock valued at $868,000 after purchasing an additional 74 shares in the last quarter. Meeder Advisory Services Inc. grew its stake in CrowdStrike by 35.9% during the second quarter. Meeder Advisory Services Inc. now owns 6,002 shares of the company's stock worth $2,300,000 after purchasing an additional 1,584 shares during the period. DekaBank Deutsche Girozentrale increased its holdings in CrowdStrike by 4.7% in the second quarter. DekaBank Deutsche Girozentrale now owns 437,002 shares of the company's stock worth $170,748,000 after purchasing an additional 19,686 shares in the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in CrowdStrike by 24.1% in the second quarter. Oppenheimer & Co. Inc. now owns 50,501 shares of the company's stock valued at $19,351,000 after buying an additional 9,808 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Shawn Henry sold 4,000 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $260.00, for a total value of $1,040,000.00. Following the completion of the transaction, the insider now directly owns 179,091 shares of the company's stock, valued at approximately $46,563,660. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, insider Shawn Henry sold 4,000 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $260.00, for a total transaction of $1,040,000.00. Following the sale, the insider now owns 179,091 shares of the company's stock, valued at approximately $46,563,660. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Michael Sentonas sold 10,735 shares of the firm's stock in a transaction dated Friday, June 21st. The stock was 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 of the company's stock, valued at approximately $156,502,114.58. The disclosure for this sale can be found here. Insiders sold 130,219 shares of company stock worth $48,856,294 over the last quarter. 4.34% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

CrowdStrike stock traded up $2.03 during trading on Friday, hitting $259.13. The stock had a trading volume of 2,116,992 shares, compared to its average volume of 5,336,479. The stock's 50 day moving average is $278.75 and its two-hundred day moving average is $314.21. CrowdStrike Holdings, Inc. has a 1 year low of $157.59 and a 1 year high of $398.33. The stock has a market cap of $63.06 billion, a price-to-earnings ratio of 489.89, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.26.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 28th. The company reported $1.04 EPS 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 firm had revenue of $963.87 million for the quarter, compared to analysts' expectations of $958.27 million. During the same quarter in the prior year, the firm earned $0.06 EPS. The business's revenue for the quarter was up 31.7% compared to the same quarter last year. As a group, analysts predict that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CRWD. Guggenheim downgraded shares of CrowdStrike from a "buy" rating to a "neutral" rating in a research report on Monday, July 22nd. Raymond James decreased their price target on shares of CrowdStrike from $380.00 to $275.00 and set an "outperform" rating for the company in a research note on Thursday, August 29th. Evercore ISI dropped their price objective on shares of CrowdStrike from $350.00 to $325.00 and set an "outperform" rating on the stock in a report on Tuesday, July 30th. Canaccord Genuity Group reduced their target price on CrowdStrike from $340.00 to $330.00 and set a "buy" rating for the company in a research note on Thursday, August 29th. Finally, Piper Sandler raised CrowdStrike from a "neutral" rating to an "overweight" rating and dropped their price target for the stock from $310.00 to $290.00 in a research note on Tuesday, August 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $327.16.

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.