Rhumbline Advisers Has $218.16 Million Holdings in CrowdStrike $CRWD

Rhumbline Advisers lessened its position in CrowdStrike (NASDAQ:CRWD) by 1.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 444,879 shares of the company’s stock after selling 4,277 shares during the quarter. Rhumbline Advisers owned about 0.18% of CrowdStrike worth $218,160,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CRWD. Brighton Jones LLC boosted its stake in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares during the period. Empowered Funds LLC boosted its position in shares of CrowdStrike by 3.6% in the first quarter. Empowered Funds LLC now owns 4,812 shares of the company’s stock valued at $1,697,000 after acquiring an additional 169 shares during the period. Johnson Investment Counsel Inc. grew its stake in shares of CrowdStrike by 86.4% in the second quarter. Johnson Investment Counsel Inc. now owns 1,603 shares of the company’s stock worth $816,000 after acquiring an additional 743 shares during the last quarter. Welch Group LLC bought a new position in CrowdStrike during the second quarter worth $238,000. Finally, Hunter Associates Investment Management LLC acquired a new position in CrowdStrike during the 2nd quarter valued at $284,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

CrowdStrike stock opened at $413.39 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.81 and a quick ratio of 1.81. The stock has a fifty day moving average price of $466.39 and a two-hundred day moving average price of $474.41. CrowdStrike has a 52-week low of $298.00 and a 52-week high of $566.90. The firm has a market capitalization of $104.22 billion, a P/E ratio of -328.09, a P/E/G ratio of 23.35 and a beta of 1.03.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Wednesday, December 3rd. The company reported $0.96 EPS for the quarter, beating the consensus estimate of $0.94 by $0.02. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.22 billion. CrowdStrike had a negative net margin of 6.88% and a negative return on equity of 2.12%. The firm’s revenue for the quarter was up 21.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 EPS. As a group, analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, President Michael Sentonas sold 11,461 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $479.78, for a total transaction of $5,498,758.58. Following the sale, the president directly owned 342,655 shares in the company, valued at $164,399,015.90. This represents a 3.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO George Kurtz sold 28,853 shares of the firm’s stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $413.01, for a total value of $11,916,577.53. Following the sale, the chief executive officer directly owned 2,054,902 shares of the company’s stock, valued at $848,695,075.02. This represents a 1.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 100,247 shares of company stock valued at $45,722,274. Corporate insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CRWD. Citizens Jmp restated a “market outperform” rating and issued a $500.00 price target on shares of CrowdStrike in a research report on Wednesday, December 3rd. Robert W. Baird increased their target price on shares of CrowdStrike from $490.00 to $550.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Oppenheimer boosted their price target on CrowdStrike from $560.00 to $580.00 and gave the company an “outperform” rating in a research note on Friday, November 21st. Loop Capital set a $550.00 price target on CrowdStrike in a report on Thursday, December 11th. Finally, Stifel Nicolaus lifted their price objective on CrowdStrike from $515.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Thirty-one research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike has a consensus rating of “Moderate Buy” and an average target price of $555.21.

CrowdStrike Profile

CrowdStrike Holdings, Inc (NASDAQ: CRWD) is a cybersecurity company founded in 2011 and headquartered in Sunnyvale, California. The firm was co-founded by George Kurtz and Dmitri Alperovitch and became a publicly traded company following its initial public offering in 2019. CrowdStrike positions itself as a provider of cloud-native security solutions designed to protect endpoints, cloud workloads, identities and data against sophisticated cyber threats.

The company’s core offering is the CrowdStrike Falcon platform, a modular, cloud-delivered security architecture that combines endpoint protection (EPP), endpoint detection and response (EDR), threat intelligence, and device control through lightweight agents and centralized telemetry.