Catalyst Capital Advisors LLC Grows Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Catalyst Capital Advisors LLC boosted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 4,430.6% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 8,155 shares of the company's stock after buying an additional 7,975 shares during the period. Catalyst Capital Advisors LLC's holdings in CrowdStrike were worth $2,875,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Blue Trust Inc. increased its stake in CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after acquiring an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at $2,166,000. OLD National Bancorp IN bought a new stake in CrowdStrike in the first quarter worth $248,000. Bessemer Group Inc. lifted its position in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after purchasing an additional 98 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. bought a new stake in shares of CrowdStrike in the 4th quarter worth about $284,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 3.6%

Shares of CRWD stock traded up $17.67 during trading hours on Friday, reaching $513.77. 2,654,026 shares of the company's stock were exchanged, compared to its average volume of 4,779,107. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The stock's 50 day moving average is $463.46 and its 200-day moving average is $405.87. 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 has a market cap of $128.06 billion, a price-to-earnings ratio of -744.59 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (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 analyst estimates of $1.11 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. Analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on CRWD shares. Royal Bank Of Canada increased their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Sanford C. Bernstein downgraded CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a research report on Friday, June 6th. Barclays set a $500.00 price target on CrowdStrike in a research report on Tuesday, June 3rd. Bank of America reiterated a "neutral" rating and set a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Morgan Stanley raised their target price on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $453.88.

Insider Activity

In related news, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer directly owned 2,192,610 shares in the company, valued at $981,280,679.40. This trade represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president owned 422,204 shares in the company, valued at $201,391,308. The trade was a 5.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 249,571 shares of company stock valued at $115,469,993. 3.32% of the stock is owned by company 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.