CrowdStrike (NASDAQ:CRWD) Shares Acquired by Equitable Trust Co.

Key Points

• Equitable Trust Co. increased its stake in CrowdStrike by 232.7%, acquiring an additional 7,686 shares during the first quarter, resulting in total holdings valued at $3,875,000.
• As of its latest earnings report, CrowdStrike posted an EPS of $0.73, exceeding expectations, with revenue reaching $1.10 billion, a year-over-year increase of 19.8%.
• Analyst ratings for CrowdStrike show a mix of opinions, with Oppenheimer upgrading its price target to $520.00 and a substantial majority issuing a buy rating.

Equitable Trust Co. boosted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 232.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,989 shares of the company's stock after buying an additional 7,686 shares during the quarter. Equitable Trust Co.'s holdings in CrowdStrike were worth $3,875,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. CloudAlpha Capital Management Limited Hong Kong purchased a new stake in CrowdStrike in the first quarter worth $3,275,000. Drive Wealth Management LLC lifted its stake in CrowdStrike by 507.7% in the first quarter. Drive Wealth Management LLC now owns 3,652 shares of the company's stock worth $1,288,000 after acquiring an additional 3,051 shares during the period. Trilogy Capital Inc. bought a new position in CrowdStrike in the first quarter worth $209,000. Neo Ivy Capital Management bought a new position in CrowdStrike in the first quarter worth $30,000. Finally, Assetmark Inc. raised its holdings in CrowdStrike by 20.9% in the first quarter. Assetmark Inc. now owns 631 shares of the company's stock worth $222,000 after purchasing an additional 109 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CRWD shares. Oppenheimer raised their price target on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and set a $500.00 price target on shares of CrowdStrike in a report on Wednesday, June 4th. Needham & Company LLC raised their price target on CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Finally, Macquarie started coverage on CrowdStrike in a report on Thursday, July 17th. They set a "neutral" rating and a $465.00 price target for the company. 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $461.17.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 1,768 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the completion of the sale, the chief accounting officer directly owned 41,251 shares of the company's stock, valued at $20,286,004.27. This trade represents a 4.11% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 781,011 shares of the company's stock, valued at $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 241,820 shares of company stock worth $113,297,985. Insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 1.3%

Shares of CrowdStrike stock traded up $5.89 during trading hours on Friday, hitting $467.92. The company's stock had a trading volume of 1,788,951 shares, compared to its average volume of 2,689,736. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The firm has a fifty day moving average of $477.89 and a 200-day moving average of $418.70. The stock has a market cap of $116.63 billion, a price-to-earnings ratio of -678.14 and a beta of 1.16. 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 issued 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 for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business earned $0.93 EPS. CrowdStrike's revenue was up 19.8% on a year-over-year basis. Research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

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.