Cornerstone Select Advisors LLC Purchases 727 Shares of CrowdStrike $CRWD

Key Points

• Cornerstone Select Advisors LLC has increased its position in CrowdStrike by 32.5%, owning a total of 2,963 shares valued at approximately $1,045,000 after purchasing an additional 727 shares.
• Several hedge funds also made significant moves with CrowdStrike, including Voya Investment Management LLC, which lifted its holdings by 43.5% in the previous quarter.
• Insider trading has been notable, with CEO George Kurtz selling 42,267 shares valued at over $19 million, while total insider sales over the last three months reached approximately $101.5 million.

Cornerstone Select Advisors LLC increased its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 32.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,963 shares of the company's stock after buying an additional 727 shares during the quarter. Cornerstone Select Advisors LLC's holdings in CrowdStrike were worth $1,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Blue Trust Inc. lifted its position in CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after purchasing an additional 215 shares during the last quarter. OLD National Bancorp IN bought a new stake in CrowdStrike in the first quarter valued at approximately $248,000. Bessemer Group Inc. lifted its position in CrowdStrike by 4.6% in 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. CX Institutional bought a new stake in CrowdStrike in the first quarter valued at approximately $175,000. Finally, Voya Investment Management LLC lifted its position in CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after purchasing an additional 582,471 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In related news, Director Johanna Flower sold 2,073 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the sale, the director directly owned 81,383 shares of the company's stock, valued at $38,592,632.43. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO George Kurtz sold 42,267 shares of the stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 214,414 shares of company stock valued at $101,484,738 over the last three months. 3.32% of the stock is owned by insiders.

CrowdStrike Trading Up 0.7%

NASDAQ CRWD opened at $427.90 on Monday. 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 12 month low of $242.25 and a 12 month high of $517.98. The stock has a market cap of $106.65 billion, a P/E ratio of -620.14 and a beta of 1.13. The stock's fifty day moving average price is $472.79 and its 200-day moving average price is $427.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released 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 analysts' expectations of $1.11 billion. During the same period last year, the firm posted $0.93 earnings per share. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

CRWD has been the subject of several recent research reports. JMP Securities reiterated a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 4th. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Canaccord Genuity Group reiterated a "hold" rating and issued a $475.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Piper Sandler cut CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price on the stock. in a research note on Monday, July 7th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike Company 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.

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