MayTech Global Investments LLC Makes New Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

MayTech Global Investments LLC acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 34,066 shares of the company's stock, valued at approximately $13,054,000. CrowdStrike comprises about 2.0% of MayTech Global Investments LLC's portfolio, making the stock its 18th largest holding.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of CrowdStrike by 2.0% during the first quarter. Vanguard Group Inc. now owns 16,061,400 shares of the company's stock valued at $5,149,124,000 after acquiring an additional 315,280 shares during the period. Norges Bank acquired a new stake in CrowdStrike during the 4th quarter valued at $683,336,000. First Trust Advisors LP lifted its holdings in shares of CrowdStrike by 19.3% in the fourth quarter. First Trust Advisors LP now owns 2,214,715 shares of the company's stock valued at $565,461,000 after purchasing an additional 358,945 shares in the last quarter. Pathstone Holdings LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth $450,418,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of CrowdStrike by 47.5% during the second quarter. Bank of New York Mellon Corp now owns 1,753,252 shares of the company's stock valued at $671,828,000 after buying an additional 564,662 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Jefferies Financial Group decreased their price objective on CrowdStrike from $400.00 to $300.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of CrowdStrike from $350.00 to $275.00 and set a "hold" rating on the stock in a research report on Monday, August 26th. HSBC upgraded shares of CrowdStrike from a "hold" rating to a "buy" rating and increased their target price for the stock from $302.00 to $339.00 in a research report on Friday, August 30th. Truist Financial restated a "buy" rating and set a $325.00 price target on shares of CrowdStrike in a report on Wednesday, August 28th. Finally, FBN Securities upgraded CrowdStrike to a "strong-buy" rating in a report on Wednesday, June 5th. One investment 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 company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $327.16.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $2.03 during mid-day trading on Friday, reaching $259.13. The stock had a trading volume of 2,133,928 shares, compared to its average volume of 5,336,531. The firm has a market cap of $63.06 billion, a PE ratio of 488.92, a P/E/G 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 Holdings, Inc. has a one year low of $157.59 and a one year high of $398.33. The firm's 50 day simple moving average is $276.14 and its 200 day simple moving average is $313.73.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Wednesday, August 28th. The company reported $1.04 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts' expectations of $958.27 million. During the same period last year, the business earned $0.06 earnings per share. CrowdStrike's quarterly revenue was up 31.7% compared to the same quarter last year. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current year.

Insider Activity

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the firm's stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now owns 200,672 shares in the company, valued at $76,843,328.96. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction on Monday, June 17th. The stock was sold at an average price of $382.93, for a total transaction of $1,723,185.00. Following the completion of the transaction, the insider now directly owns 200,672 shares in the company, valued at $76,843,328.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,662 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 transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,219 shares of company stock worth $48,856,294. Corporate insiders own 4.34% of the company's stock.

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.