BIT Capital GmbH Boosts Stake in CrowdStrike (NASDAQ:CRWD)

Key Points

• BIT Capital GmbH increased its holdings in CrowdStrike by 189.1% in Q1, owning 1,269 shares worth $447,000 as per their latest SEC filing.
• CrowdStrike reported a 19.8% year-over-year revenue growth with earnings of $0.73 per share, surpassing the consensus estimate of $0.66.
• Analysts have varied opinions on CrowdStrike, with price targets ranging from $425.00 to $530.00, indicating a mix of ratings from "sell" to "buy."

BIT Capital GmbH raised its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 189.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,269 shares of the company's stock after acquiring an additional 830 shares during the period. BIT Capital GmbH's holdings in CrowdStrike were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Jennison Associates LLC boosted its position in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC boosted its position in CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after buying an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC boosted its position in CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after buying an additional 1,017,678 shares during the last quarter. Voya Investment Management LLC boosted its position in CrowdStrike by 43.5% in the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after buying an additional 582,471 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new position in CrowdStrike in the 1st quarter valued at about $188,050,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Down 1.7%

Shares of NASDAQ CRWD traded down $7.91 during trading hours on Friday, hitting $446.66. 3,012,444 shares of the company traded hands, compared to its average volume of 2,655,223. The stock has a market capitalization of $111.33 billion, a price-to-earnings ratio of -647.33 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company's 50 day moving average price is $479.51 and its 200 day moving average price is $423.31. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company posted $0.93 EPS. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. On average, equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CRWD. Mizuho upped their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Susquehanna increased their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research report on Wednesday, June 4th. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Morgan Stanley reaffirmed an "equal weight" rating and set a $495.00 price target (up previously from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. Finally, Jefferies Financial Group increased their price target on shares of CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $461.17.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the completion of the transaction, the director directly owned 781,011 shares in the company, valued at approximately $400,213,466.73. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the transaction, the director owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 235,570 shares of company stock valued at $110,581,672 in the last 90 days. 3.32% of the stock is owned by insiders.

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.