Trilogy Capital Inc. Invests $209,000 in CrowdStrike (NASDAQ:CRWD)

Key Points

• Trilogy Capital Inc. has acquired 592 shares of CrowdStrike, valued at approximately $209,000, in its recent 1st quarter filing with the SEC.
• CrowdStrike reported an EPS of $0.73 for the last quarter, exceeding analysts' estimates of $0.66, even though its revenue of $1.10 billion fell slightly short of expectations.
• Insider trading activity included significant sales, with CAO Anurag Saha selling 1,768 shares for about $869,000, decreasing his stake in the company.

Trilogy Capital Inc. purchased a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 592 shares of the company's stock, valued at approximately $209,000.

Other large investors have also recently made changes to their positions in the company. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike in the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of CrowdStrike in the 1st quarter valued at about $30,000. Finally, Sound Income Strategies LLC boosted its holdings in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction dated 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 sale, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total value of $3,202,687.50. Following the transaction, the director directly owned 781,011 shares of the company's stock, valued at approximately $400,213,466.73. This represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 241,820 shares of company stock valued at $113,297,985. 3.32% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on CRWD shares. DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target on the stock. in a report on Thursday, May 22nd. Needham & Company LLC raised their price objective on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Mizuho raised their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Scotiabank raised their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Finally, Oppenheimer raised their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $461.17.

CrowdStrike Trading Down 0.2%

NASDAQ:CRWD traded down $0.74 on Wednesday, reaching $464.77. 715,540 shares of the company's stock were exchanged, compared to its average volume of 3,779,292. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $115.84 billion, a price-to-earnings ratio of -673.53 and a beta of 1.16. The business has a fifty day moving average of $478.91 and a 200-day moving average of $420.72. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 earnings per share. As a group, analysts expect that CrowdStrike will post 0.55 earnings per share for the current 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.