US Bancorp DE Grows Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• US Bancorp DE increased its stake in CrowdStrike by 5.9%, acquiring a total of 82,583 shares valued at approximately $29.1 million.
• CrowdStrike's latest earnings report showed an EPS of $0.73, surpassing estimates, with a 19.8% revenue growth year-over-year to $1.10 billion.
• Several brokerage firms have adjusted their price targets for CrowdStrike, with estimates ranging from $425 to $530, maintaining a consensus rating of "Moderate Buy".

US Bancorp DE grew its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 5.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,583 shares of the company's stock after buying an additional 4,613 shares during the period. US Bancorp DE's holdings in CrowdStrike were worth $29,117,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Cloud Capital Management LLC purchased a new position in CrowdStrike in the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC lifted its position in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its position in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Neo Ivy Capital Management acquired a new position in CrowdStrike during the first quarter worth $30,000. Finally, Sound Income Strategies LLC grew its holdings in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of the 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 transaction, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. This represents a 44.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer owned 2,192,610 shares of the company's stock, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 235,570 shares of company stock worth $110,581,672. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Down 1.7%

Shares of CRWD traded down $7.91 during midday trading on Friday, reaching $446.66. The stock had a trading volume of 3,012,444 shares, compared to its average volume of 2,655,223. The company has a market cap of $111.33 billion, a price-to-earnings ratio of -647.33 and a beta of 1.13. The company's fifty day simple moving average is $479.51 and its two-hundred day simple moving average is $423.31. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results 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 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 company posted $0.93 earnings per share. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. Equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stephens lifted their price target on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Scotiabank raised their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Wedbush boosted their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Mizuho increased their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Bank of America reaffirmed a "neutral" rating and set a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average 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.