Canvas Wealth Advisors LLC Boosts Stake in CrowdStrike (NASDAQ:CRWD)

Canvas Wealth Advisors LLC boosted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 7.4% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 10,077 shares of the company's stock after buying an additional 698 shares during the period. CrowdStrike accounts for approximately 0.9% of Canvas Wealth Advisors LLC's holdings, making the stock its 27th biggest position. Canvas Wealth Advisors LLC's holdings in CrowdStrike were worth $3,713,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CRWD. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. Geode Capital Management LLC grew its holdings in CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Norges Bank bought a new stake in CrowdStrike in the 4th quarter worth approximately $1,111,542,000. Northern Trust Corp raised its holdings in shares of CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after acquiring an additional 324,136 shares in the last quarter. Finally, FMR LLC boosted its position in shares of CrowdStrike by 15.0% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after acquiring an additional 287,960 shares during the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $9.11 on Monday, hitting $508.44. 1,885,361 shares of the company were exchanged, compared to its average volume of 4,773,903. The firm has a market capitalization of $126.73 billion, a P/E ratio of -736.87 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $510.15. The stock's 50 day moving average price is $452.08 and its 200 day moving average price is $401.81.

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, 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 business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company's quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CRWD shares. KeyCorp reduced their price target on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Rosenblatt Securities boosted their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Jefferies Financial Group increased their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Needham & Company LLC raised their price target on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $453.88.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,768 shares of CrowdStrike stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the transaction, the chief accounting officer now directly owns 41,251 shares in the company, valued at approximately $20,286,004.27. This trade represents a 4.11% 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 15,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the sale, the director now owns 18,858 shares in the company, valued at approximately $9,385,060.86. This represents a 44.30% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 255,821 shares of company stock valued at $115,966,659. 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.