HighPoint Advisor Group LLC Grows Position in CrowdStrike (NASDAQ:CRWD)

HighPoint Advisor Group LLC increased its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 5.0% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,077 shares of the company's stock after purchasing an additional 714 shares during the period. HighPoint Advisor Group LLC's holdings in CrowdStrike were worth $5,316,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CRWD. Norges Bank bought a new position in CrowdStrike during the 4th quarter valued at $1,111,542,000. Jennison Associates LLC raised 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 purchasing an additional 1,144,295 shares during the period. GAMMA Investing LLC raised its stake in shares of CrowdStrike by 50,536.2% during the 1st 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% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the period. Finally, Voya Investment Management LLC raised its stake in shares of CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after purchasing an additional 582,471 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director directly owned 18,858 shares of the company's stock, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 11,527 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the sale, the president directly owned 410,677 shares in the company, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 252,320 shares of company stock valued at $117,592,485 over the last 90 days. 3.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CRWD shares. DA Davidson lifted their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Raymond James Financial reiterated an "outperform" rating and set a $485.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Cfra reissued a "hold" rating and issued a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Stifel Nicolaus lifted their price objective on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Needham & Company LLC lifted their price objective on 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $460.93.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $10.35 during mid-day trading on Tuesday, reaching $471.23. The stock had a trading volume of 1,970,432 shares, compared to its average volume of 4,590,781. 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 has a one year low of $200.81 and a one year high of $517.98. The firm has a 50 day moving average price of $474.54 and a two-hundred day moving average price of $415.76. The stock has a market capitalization of $117.45 billion, a P/E ratio of -682.94 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The firm 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 business's revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

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.