Black Swift Group LLC Boosts Stake in CrowdStrike (NASDAQ:CRWD)

Black Swift Group LLC grew its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 9.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,225 shares of the company's stock after acquiring an additional 1,936 shares during the quarter. CrowdStrike comprises about 1.8% of Black Swift Group LLC's holdings, making the stock its 13th largest position. Black Swift Group LLC's holdings in CrowdStrike were worth $7,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Jennison Associates LLC boosted its holdings in CrowdStrike by 21.1% in 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 during the period. Geode Capital Management LLC boosted its stake in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after buying an additional 124,984 shares in the last quarter. Norges Bank acquired a new stake in CrowdStrike during the 4th quarter worth about $1,111,542,000. Northern Trust Corp raised its stake in shares of CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Finally, FMR LLC grew its holdings in CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after buying an additional 287,960 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CRWD. Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Truist Financial restated a "buy" rating and set a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Bank of America reaffirmed a "neutral" rating and issued a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. DA Davidson raised their target price on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Rosenblatt Securities raised their price target on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Price Performance

CRWD stock traded up $5.89 during mid-day trading on Friday, reaching $467.92. 1,788,951 shares of the company traded hands, compared to its average volume of 2,689,736. CrowdStrike has a 52-week low of $200.81 and a 52-week 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. The company has a market capitalization of $116.63 billion, a P/E ratio of -678.14 and a beta of 1.16. The company has a fifty day moving average price of $477.89 and a 200-day moving average price of $418.70.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during 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 firm's revenue for the quarter 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. As a group, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the transaction, the director directly owned 81,383 shares of the company's stock, valued at $38,592,632.43. This represents a 2.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total value of $3,202,687.50. Following the transaction, the director directly owned 781,011 shares in the company, valued at $400,213,466.73. This represents a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 241,820 shares of company stock worth $113,297,985. Insiders own 3.32% of the company's stock.

CrowdStrike 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.