Calamos Advisors LLC Purchases 54,386 Shares of CrowdStrike (NASDAQ:CRWD)

Calamos Advisors LLC boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 1,623.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 57,736 shares of the company's stock after buying an additional 54,386 shares during the quarter. Calamos Advisors LLC's holdings in CrowdStrike were worth $20,357,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC grew its stake in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after acquiring an additional 2,417 shares during the period. Fisher Asset Management LLC grew its stake in shares of CrowdStrike by 8.9% during the 4th quarter. Fisher Asset Management LLC now owns 2,429 shares of the company's stock worth $831,000 after acquiring an additional 199 shares during the period. Exencial Wealth Advisors LLC bought a new position in CrowdStrike during the fourth quarter worth about $270,000. Keybank National Association OH boosted its position in CrowdStrike by 3.4% during the fourth quarter. Keybank National Association OH now owns 5,662 shares of the company's stock worth $1,937,000 after purchasing an additional 188 shares during the period. Finally, Victory Capital Management Inc. boosted its position in CrowdStrike by 14.7% during the fourth quarter. Victory Capital Management Inc. now owns 292,640 shares of the company's stock worth $100,130,000 after purchasing an additional 37,446 shares during the period. Institutional investors own 71.16% of the company's stock.

Insider Buying and Selling

In other CrowdStrike news, CAO Anurag Saha sold 1,768 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the completion of the sale, the chief accounting officer owned 41,251 shares in the company, valued at approximately $20,286,004.27. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of the business's 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 completion of the sale, the director owned 18,858 shares of the company's stock, valued at $9,667,553.70. The trade was a 33.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 249,571 shares of company stock worth $115,469,993 in the last 90 days. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Trading Down 1.7%

Shares of CRWD traded down $8.64 during mid-day trading on Monday, reaching $505.46. The company's stock had a trading volume of 3,263,799 shares, compared to its average volume of 4,784,548. 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 stock has a market cap of $125.99 billion, a PE ratio of -732.55 and a beta of 1.16. The company's fifty day moving average price is $465.11 and its two-hundred day moving average price is $407.66. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98.

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

Analyst Ratings Changes

A number of brokerages have weighed in on CRWD. Morgan Stanley increased their target price on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Needham & Company LLC raised their price target on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Raymond James Financial reaffirmed an "outperform" rating and issued a $485.00 price target (up from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Mizuho raised their price target on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $453.88.

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.