Trivant Custom Portfolio Group LLC Has $1.08 Million Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Trivant Custom Portfolio Group LLC lifted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 3,970.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,053 shares of the company's stock after buying an additional 2,978 shares during the quarter. Trivant Custom Portfolio Group LLC's holdings in CrowdStrike were worth $1,076,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. FSA Wealth Management LLC lifted its stake in shares of CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after buying an additional 23 shares during the last quarter. Jacobi Capital Management LLC raised its stake in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after purchasing an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its stake in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC raised its stake in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC raised its stake in CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after purchasing an additional 30 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $8.86 during mid-day trading on Friday, reaching $476.30. 5,177,773 shares of the company were exchanged, compared to its average volume of 5,005,101. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $493.20. The company has a fifty day moving average of $440.62 and a 200 day moving average of $396.60. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $118.72 billion, a PE ratio of -690.29 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 EPS. The company's revenue was up 19.8% on a year-over-year basis. On average, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of the company's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $371.79, for a total transaction of $796,002.39. Following the transaction, the chief accounting officer now directly owns 34,024 shares in the company, valued at approximately $12,649,782.96. This represents a 5.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the transaction, the director now owns 29,500 shares in the company, valued at approximately $14,425,500. The trade was a 25.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 201,748 shares of company stock valued at $89,478,971 in the last 90 days. 3.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on CRWD shares. BMO Capital Markets upped their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Needham & Company LLC upped their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Jefferies Financial Group upped their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a research note on Friday, June 6th. Finally, Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus target price of $453.17.

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.