SevenOneSeven Capital Management Decreases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

SevenOneSeven Capital Management cut its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 10.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,314 shares of the company’s stock after selling 155 shares during the quarter. CrowdStrike accounts for 0.9% of SevenOneSeven Capital Management’s portfolio, making the stock its 29th largest position. SevenOneSeven Capital Management’s holdings in CrowdStrike were worth $330,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Sandy Spring Bank boosted its stake in CrowdStrike by 10.0% during the 2nd quarter. Sandy Spring Bank now owns 507 shares of the company’s stock valued at $127,000 after acquiring an additional 46 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of CrowdStrike by 39.7% during the second quarter. Clearstead Advisors LLC now owns 176 shares of the company’s stock worth $44,000 after purchasing an additional 50 shares during the period. Valeo Financial Advisors LLC raised its holdings in shares of CrowdStrike by 6.1% during the second quarter. Valeo Financial Advisors LLC now owns 938 shares of the company’s stock worth $236,000 after purchasing an additional 54 shares during the period. Cullen Frost Bankers Inc. raised its holdings in shares of CrowdStrike by 23.9% during the second quarter. Cullen Frost Bankers Inc. now owns 285 shares of the company’s stock worth $72,000 after purchasing an additional 55 shares during the period. Finally, Cigna Investments Inc. New raised its holdings in shares of CrowdStrike by 4.7% during the second quarter. Cigna Investments Inc. New now owns 1,245 shares of the company’s stock worth $313,000 after purchasing an additional 56 shares during the period. Hedge funds and other institutional investors own 62.78% of the company’s stock.

CRWD traded up $2.55 during trading on Thursday, reaching $272.99. 124,185 shares of the company’s stock were exchanged, compared to its average volume of 2,625,926. CrowdStrike Holdings, Inc. has a fifty-two week low of $118.10 and a fifty-two week high of $289.24. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average price of $256.72 and a 200 day moving average price of $236.27. The company has a market capitalization of $62.29 billion, a P/E ratio of -325.83 and a beta of 1.33.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Monday, August 30th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.02. CrowdStrike had a negative net margin of 16.34% and a negative return on equity of 13.86%. The company had revenue of $337.69 million for the quarter, compared to the consensus estimate of $323.53 million. During the same quarter in the previous year, the company earned $0.03 EPS. The firm’s revenue for the quarter was up 69.7% compared to the same quarter last year. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post -0.53 EPS for the current year.

In other news, Director Gerhard Watzinger sold 5,000 shares of the company’s stock in a transaction dated Friday, July 23rd. The stock was sold at an average price of $267.64, for a total value of $1,338,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Shawn Henry sold 29,056 shares of the company’s stock in a transaction dated Thursday, July 22nd. The shares were sold at an average price of $261.67, for a total value of $7,603,083.52. The disclosure for this sale can be found here. Insiders sold a total of 311,305 shares of company stock worth $80,963,153 in the last 90 days. 8.64% of the stock is owned by corporate insiders.

A number of analysts recently weighed in on CRWD shares. Canaccord Genuity increased their price objective on shares of CrowdStrike from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, September 1st. Truist Securities raised their target price on shares of CrowdStrike from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, June 30th. Stifel Nicolaus raised their target price on shares of CrowdStrike from $300.00 to $315.00 and gave the company a “buy” rating in a research note on Wednesday, September 1st. BTIG Research raised their price objective on shares of CrowdStrike from $302.00 to $313.00 and gave the company a “buy” rating in a research report on Wednesday, September 1st. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $320.00 price objective (up previously from $265.00) on shares of CrowdStrike in a research report on Wednesday, September 1st. Four research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $290.33.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc is a holding company, which engages in the provision of cloud-delivered solution for next-generation endpoint protection that offers cloud modules on its Falcon platform through SaaS subscription-based model. It operates through Domestic and International geographical segments.

Further Reading: How analysts view the yield curve

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike Holdings, Inc. (NASDAQ:CRWD).

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

Receive News & Ratings for CrowdStrike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CrowdStrike and related companies with MarketBeat.com's FREE daily email newsletter.