Belvedere Trading LLC Acquires New Shares in CrowdStrike (NASDAQ:CRWD)

Belvedere Trading LLC acquired a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,194 shares of the company's stock, valued at approximately $421,000.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after buying an additional 2,417 shares during the last quarter. Quadrant Capital Group LLC lifted its position in shares of CrowdStrike by 11.8% in the fourth quarter. Quadrant Capital Group LLC now owns 806 shares of the company's stock worth $276,000 after buying an additional 85 shares during the last quarter. Peapack Gladstone Financial Corp lifted its position in shares of CrowdStrike by 8.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 1,936 shares of the company's stock worth $663,000 after buying an additional 158 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of CrowdStrike in the fourth quarter worth about $17,416,000. Finally, APG Asset Management N.V. lifted its position in shares of CrowdStrike by 584.4% in the fourth quarter. APG Asset Management N.V. now owns 144,834 shares of the company's stock worth $47,857,000 after buying an additional 123,673 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Activity

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director owned 18,858 shares of the company's stock, valued at approximately $9,385,060.86. This represents a 44.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denis Oleary sold 15,680 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total value of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares in the company, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Up 2.3%

NASDAQ CRWD opened at $451.69 on Thursday. The firm has a market cap of $112.58 billion, a PE ratio of -654.62 and a beta of 1.13. CrowdStrike has a one year low of $229.72 and a one year high of $517.98. The stock's 50 day simple moving average is $478.55 and its 200 day simple moving average is $424.30. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Royal Bank Of Canada boosted their price target on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group boosted their price target on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. JMP Securities reaffirmed a "market outperform" rating and issued a $500.00 price target on shares of CrowdStrike in a research report on Wednesday, June 4th. Susquehanna boosted their price target on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research report on Wednesday, June 4th. Finally, Macquarie initiated coverage on CrowdStrike in a research report on Thursday, July 17th. They set a "neutral" rating and a $465.00 price objective for the company. One 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $461.17.

About CrowdStrike

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.

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