MGO One Seven LLC Has $4.07 Million Stock Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• MGO One Seven LLC increased its stake in CrowdStrike by 79.4%, now owning 11,555 shares valued at approximately $4.07 million after purchasing an additional 5,113 shares in the first quarter.
• Insider sales were notable, with President Michael Sentonas selling 25,000 shares for nearly $11.93 million, and CFO Burt W. Podbere selling 16,000 shares for around $6.99 million.
• Analyst ratings for CrowdStrike have varied, with 26 analysts rating it a buy and the consensus price target currently at $461.17.

MGO One Seven LLC lifted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 79.4% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 11,555 shares of the company's stock after purchasing an additional 5,113 shares during the period. MGO One Seven LLC's holdings in CrowdStrike were worth $4,074,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of CrowdStrike by 20.4% during the 1st 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. Primoris Wealth Advisors LLC bought a new position in CrowdStrike in the 4th quarter worth approximately $2,166,000. OLD National Bancorp IN bought a new position in CrowdStrike in the 1st quarter worth approximately $248,000. Bessemer Group Inc. boosted its position in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after acquiring an additional 98 shares during the last quarter. Finally, CX Institutional bought a new position in shares of CrowdStrike during the 1st quarter valued at approximately $175,000. Institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CRWD. Wells Fargo & Company increased their price target on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Piper Sandler downgraded CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective on the stock. in a research report on Monday, July 7th. Susquehanna raised their price objective on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. Cfra reissued a "hold" rating and issued a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Finally, Morgan Stanley reaffirmed an "equal weight" rating and set a $495.00 target price (up previously from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $461.17.

Insider Buying and Selling

In other news, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the transaction, the director owned 18,858 shares in the company, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, 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 transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer owned 2,192,610 shares of the company's stock, valued at $981,280,679.40. This trade represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 235,570 shares of company stock valued at $110,581,672 in the last ninety days. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

CRWD stock traded down $7.91 during trading on Friday, reaching $446.66. 3,012,444 shares of the stock were exchanged, compared to its average volume of 2,504,503. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The company has a market capitalization of $111.33 billion, a P/E ratio of 11,166.50 and a beta of 1.13. The stock has a 50 day simple moving average of $479.51 and a 200-day simple moving average of $422.47. 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 (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 earnings per share. As a group, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

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.