AXS Investments LLC Has $2.26 Million Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Key Points

• AXS Investments LLC reduced its stake in CrowdStrike (NASDAQ:CRWD) by 10.6%, now holding 6,400 shares valued at approximately $2.26 million.
• Insider transactions include Director Roxanne S. Austin selling 15,000 shares and President Michael Sentonas selling 25,000 shares for a total of over $19 million combined.
• Price targets for CrowdStrike have varied, with Susquehanna raising it to $530.00, while Piper Sandler lowered it to $505.00 from an "overweight" rating to "neutral."

AXS Investments LLC lessened its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 10.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,400 shares of the company's stock after selling 756 shares during the quarter. AXS Investments LLC's holdings in CrowdStrike were worth $2,257,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Jennison Associates LLC boosted its stake in shares of CrowdStrike by 21.1% during the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares in the last quarter. GAMMA Investing LLC raised its holdings in CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after acquiring an additional 1,084,506 shares during the period. Pathstone Holdings LLC boosted its holdings in CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after acquiring an additional 1,017,678 shares during the period. Vanguard Group Inc. grew its position in shares of CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock valued at $8,051,011,000 after purchasing an additional 908,554 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of CrowdStrike by 39.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company's stock worth $939,747,000 after purchasing an additional 760,222 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,883 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of the sale, the chief financial officer owned 231,130 shares of the company's stock, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is currently owned by insiders.

CrowdStrike Stock Up 2.3%

CRWD stock traded up $9.94 during mid-day trading on Wednesday, reaching $451.69. The company had a trading volume of 2,030,984 shares, compared to its average volume of 2,633,956. CrowdStrike has a 52 week low of $229.72 and a 52 week high of $517.98. 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 company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a 50 day simple moving average of $478.89 and a two-hundred day simple moving average of $424.11.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) 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 analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. As a group, equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

CRWD has been the subject of a number of research analyst reports. Sanford C. Bernstein lowered CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a report on Friday, June 6th. Rosenblatt Securities lifted their target price on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Truist Financial reaffirmed a "buy" rating and issued a $500.00 target price (up from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Stifel Nicolaus upped their price objective on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Needham & Company LLC upped their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus 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.