Diversified Trust Co Acquires New Holdings in CrowdStrike (NASDAQ:CRWD)

Diversified Trust Co acquired a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 655 shares of the company's stock, valued at approximately $231,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. increased its holdings in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after buying an additional 38 shares during the period. Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike in the 4th quarter valued at $34,000. Millstone Evans Group LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, ST Germain D J Co. Inc. lifted its position in shares of CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after acquiring an additional 81 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In related news, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director directly owned 36,906 shares in the company, valued at approximately $17,306,330.58. The trade was a 29.82% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the sale, the director owned 18,858 shares in the company, valued at approximately $9,385,060.86. This represents a 44.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 255,821 shares of company stock valued at $117,495,993. 3.32% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

NASDAQ CRWD traded up $17.67 on Thursday, hitting $513.77. 2,654,026 shares of the stock traded hands, compared to its average volume of 4,779,107. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The business's fifty day moving average is $459.69 and its two-hundred day moving average is $404.06. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.61. The firm has a market capitalization of $128.06 billion, a price-to-earnings ratio of -744.59 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the company earned $0.93 EPS. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have weighed in on CRWD. Roth Capital lifted their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Canaccord Genuity Group restated a "hold" rating and issued a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Cantor Fitzgerald upped their price target on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Bank of America reiterated a "neutral" rating and issued a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Sanford C. Bernstein cut CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective for the company. in a research note on Friday, June 6th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $453.88.

About CrowdStrike

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.