CHURCHILL MANAGEMENT Corp Makes New Investment in CrowdStrike (NASDAQ:CRWD)

CHURCHILL MANAGEMENT Corp acquired a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 55,226 shares of the company's stock, valued at approximately $19,472,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CRWD. FSA Wealth Management LLC grew its position in CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after purchasing an additional 23 shares during the last quarter. Jacobi Capital Management LLC grew its position in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after purchasing an additional 25 shares during the last quarter. Tradewinds Capital Management LLC grew its position in CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after purchasing an additional 27 shares during the last quarter. Finally, Wintrust Investments LLC grew its position in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded up $16.40 on Thursday, hitting $512.50. 2,646,849 shares of the company traded hands, compared to its average volume of 4,765,844. The stock has a market capitalization of $127.74 billion, a P/E ratio of -742.75 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.61. The business has a 50-day simple moving average of $459.69 and a 200 day simple moving average of $404.06.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the business posted $0.93 earnings per share. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. Research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the stock. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. BMO Capital Markets raised their price target on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Stifel Nicolaus raised their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Roth Capital raised their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley raised their price target on shares of CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $453.88.

Insider Buying and Selling

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the transaction, the director directly owned 18,858 shares of the company's stock, valued at $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the transaction, the president directly owned 410,677 shares of the company's stock, valued at $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,821 shares of company stock valued at $117,495,993 in the last three months. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Company 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.