Perennial Investment Advisors LLC Buys 539 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Perennial Investment Advisors LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 23.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,805 shares of the company’s stock after buying an additional 539 shares during the quarter. Perennial Investment Advisors LLC’s holdings in CrowdStrike were worth $1,075,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CRWD. Burney Co. bought a new position in CrowdStrike during the 1st quarter worth about $1,342,000. Principal Financial Group Inc. grew its holdings in shares of CrowdStrike by 429.2% during the second quarter. Principal Financial Group Inc. now owns 298,443 shares of the company’s stock worth $114,360,000 after buying an additional 242,052 shares in the last quarter. BNP Paribas acquired a new stake in CrowdStrike in the 1st quarter valued at approximately $2,685,000. Swedbank AB bought a new stake in CrowdStrike in the 1st quarter valued at approximately $73,972,000. Finally, Coldstream Capital Management Inc. acquired a new position in CrowdStrike during the 4th quarter worth approximately $508,000. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction 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 sale, 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 is available at the SEC website. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares in the company, valued at approximately $156,502,114.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,000 shares of the company’s stock in a transaction on 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 completion of the sale, the insider now owns 179,091 shares of the company’s stock, valued at approximately $46,563,660. The disclosure for this sale can be found here. In the last 90 days, insiders sold 125,719 shares of company stock valued at $47,133,109. 4.34% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Redburn Atlantic downgraded shares of CrowdStrike from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $380.00 to $275.00 in a report on Thursday, July 18th. JPMorgan Chase & Co. cut their price target on shares of CrowdStrike from $400.00 to $330.00 and set an “overweight” rating on the stock in a research report on Monday, July 29th. DA Davidson increased their price objective on shares of CrowdStrike from $290.00 to $310.00 and gave the stock a “buy” rating in a research note on Thursday, August 29th. HSBC upgraded CrowdStrike from a “hold” rating to a “buy” rating and upped their price objective for the stock from $302.00 to $339.00 in a research note on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on CrowdStrike from $350.00 to $275.00 and set a “hold” rating for the company in a report on Monday, August 26th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $327.16.

CrowdStrike Stock Up 3.3 %

CRWD stock opened at $267.81 on Tuesday. The stock has a market capitalization of $65.17 billion, a P/E ratio of 505.30, a price-to-earnings-growth ratio of 16.14 and a beta of 1.09. 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 firm has a 50-day moving average price of $273.68 and a 200-day moving average price of $313.28. CrowdStrike Holdings, Inc. has a 12 month low of $157.59 and a 12 month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings data on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating 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 company had revenue of $963.87 million for the quarter, compared to the consensus estimate of $958.27 million. During the same quarter last year, the business posted $0.06 EPS. CrowdStrike’s revenue for the quarter was up 31.7% on a year-over-year basis. As a group, equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.56 EPS for the current fiscal year.

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.