Geneva Partners LLC Acquires New Holdings in CrowdStrike (NASDAQ:CRWD)

Geneva Partners LLC bought a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 635 shares of the company's stock, valued at approximately $224,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. GAMMA Investing LLC raised its stake in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the period. Pathstone Holdings LLC raised its stake in shares of CrowdStrike by 379.0% in the 4th 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. Voya Investment Management LLC raised its stake in shares of CrowdStrike by 43.5% in the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after acquiring an additional 582,471 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of CrowdStrike by 2,586.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock valued at $143,055,000 after acquiring an additional 402,531 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Stock Up 0.4%

Shares of CRWD traded up $2.25 during mid-day trading on Tuesday, hitting $507.71. 2,141,225 shares of the company's stock were exchanged, compared to its average volume of 4,774,022. The company has a market cap of $126.55 billion, a PE ratio of -735.81 and a beta of 1.16. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The company has a 50-day simple moving average of $465.11 and a 200 day simple moving average of $407.66. 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 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. The company had revenue of $1.10 billion during 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%. The business's quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the business earned $0.93 EPS. On average, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently weighed in on CRWD. Morgan Stanley raised their price target on shares of CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Rosenblatt Securities boosted their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. BMO Capital Markets boosted their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" 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 stock an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Bank of America reissued a "neutral" rating and issued a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $453.88.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president directly owned 422,204 shares of the company's stock, valued at $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the completion of the sale, the director directly owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. The trade was a 29.82% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 249,571 shares of company stock valued at $115,469,993. 3.32% of the stock is owned by company insiders.

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.