Moors & Cabot Inc. Invests $204,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Moors & Cabot Inc. bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,386 shares of the company’s stock, valued at approximately $204,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich grew its position in CrowdStrike by 93,217.7% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 22,988,825 shares of the company’s stock worth $3,376,369,000 after purchasing an additional 22,964,190 shares in the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $244,740,000. T. Rowe Price Investment Management Inc. lifted its stake in shares of CrowdStrike by 62.1% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,761,214 shares of the company’s stock valued at $396,019,000 after buying an additional 1,440,905 shares in the last quarter. Renaissance Technologies LLC lifted its stake in CrowdStrike by 87.8% in the 1st quarter. Renaissance Technologies LLC now owns 2,790,400 shares of the company’s stock worth $383,010,000 after purchasing an additional 1,304,959 shares in the last quarter. Finally, Clearbridge Investments LLC lifted its stake in CrowdStrike by 69.3% in the 1st quarter. Clearbridge Investments LLC now owns 2,310,859 shares of the company’s stock worth $524,750,000 after purchasing an additional 945,703 shares in the last quarter. Institutional investors and hedge funds own 63.53% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $207.73 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.40. The stock has a market cap of $49.60 billion, a P/E ratio of -506.66, a PEG ratio of 17.92 and a beta of 0.93. The company has a 50-day moving average price of $179.55 and a 200 day moving average price of $160.27. CrowdStrike Holdings, Inc. has a 12-month low of $92.25 and a 12-month high of $210.09.

CrowdStrike (NASDAQ:CRWD) last announced its earnings results on Wednesday, August 30th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.07. The company had revenue of $731.63 million during the quarter, compared to analyst estimates of $725.44 million. CrowdStrike had a negative net margin of 3.54% and a negative return on equity of 4.05%. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 56,921 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $162.95, for a total value of $9,275,276.95. Following the completion of the transaction, the chief executive officer now owns 1,100,089 shares of the company’s stock, valued at $179,259,502.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Anurag Saha sold 926 shares of CrowdStrike stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $167.98, for a total value of $155,549.48. Following the completion of the transaction, the chief accounting officer now owns 38,554 shares in the company, valued at $6,476,300.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO George Kurtz sold 56,921 shares of the firm’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $162.95, for a total transaction of $9,275,276.95. Following the sale, the chief executive officer now directly owns 1,100,089 shares in the company, valued at approximately $179,259,502.55. The disclosure for this sale can be found here. Insiders sold a total of 151,083 shares of company stock valued at $26,680,472 over the last 90 days. 5.68% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on CRWD. Macquarie increased their target price on shares of CrowdStrike from $180.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, September 21st. Royal Bank of Canada lifted their price target on shares of CrowdStrike from $182.00 to $185.00 and gave the company an “outperform” rating in a research report on Thursday, August 31st. Citigroup raised their price objective on shares of CrowdStrike from $175.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, September 19th. Jefferies Financial Group upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and raised their price objective for the company from $170.00 to $225.00 in a research note on Thursday, October 19th. Finally, Piper Sandler lifted their price target on shares of CrowdStrike from $180.00 to $210.00 and gave the stock an “overweight” rating in a research note on Thursday, September 21st. Three equities research analysts have rated the stock with a hold rating and thirty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus price target of $194.08.

CrowdStrike Company Profile

CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.