New Age Alpha Advisors LLC Has $4.23 Million Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Key Points

• New Age Alpha Advisors LLC has increased its holdings in CrowdStrike (NASDAQ:CRWD) by 100%, now owning 12,000 shares worth approximately $4.23 million.
• Insider transactions revealed that CEO George Kurtz sold 17,525 shares for over $8.37 million, marking a 0.80% decrease in his ownership.
• CrowdStrike reported a quarterly earnings per share of $0.73, beating analysts' estimates of $0.66, with a revenue increase of 19.8% year-over-year.

New Age Alpha Advisors LLC lifted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 100.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,000 shares of the company's stock after acquiring an additional 6,000 shares during the period. New Age Alpha Advisors LLC's holdings in CrowdStrike were worth $4,231,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CRWD. Brighton Jones LLC raised its holdings in CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Aviva PLC raised its stake in CrowdStrike by 57.3% during the 4th quarter. Aviva PLC now owns 51,411 shares of the company's stock worth $17,591,000 after acquiring an additional 18,724 shares in the last quarter. Quadrant Capital Group LLC raised its stake in CrowdStrike by 11.8% during the 4th quarter. Quadrant Capital Group LLC now owns 806 shares of the company's stock worth $276,000 after acquiring an additional 85 shares in the last quarter. Peapack Gladstone Financial Corp grew its holdings in shares of CrowdStrike by 8.9% during the fourth quarter. Peapack Gladstone Financial Corp now owns 1,936 shares of the company's stock worth $663,000 after purchasing an additional 158 shares during the last quarter. Finally, Waterloo Capital L.P. increased its position in shares of CrowdStrike by 11.1% during the fourth quarter. Waterloo Capital L.P. now owns 1,451 shares of the company's stock worth $496,000 after purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded up $9.94 on Wednesday, hitting $451.69. The company's stock had a trading volume of 2,030,984 shares, compared to its average volume of 2,633,956. The company has a market capitalization of $112.58 billion, a price-to-earnings ratio of -654.62 and a beta of 1.13. The stock's 50-day moving average is $478.89 and its two-hundred day moving average is $424.11. CrowdStrike has a 12 month low of $229.72 and a 12 month high of $517.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly 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. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. On average, equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In related news, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total value of $5,412,350.01. Following the transaction, the chief financial officer directly owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. This trade represents a 4.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the sale, the director owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 214,414 shares of company stock worth $101,484,738 in the last ninety days. Company insiders own 3.32% of the company's stock.

Analyst Ratings Changes

CRWD has been the topic of a number of research reports. Macquarie began coverage on CrowdStrike in a research note on Thursday, July 17th. They set a "neutral" rating and a $465.00 price target on the stock. The Goldman Sachs Group raised their target price on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. Susquehanna increased their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Piper Sandler cut shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price for the company. in a report on Monday, July 7th. Finally, Oppenheimer boosted their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.