IFG Advisory LLC Increases Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• IFG Advisory LLC increased its position in CrowdStrike by 156.0% during the first quarter, acquiring an additional 2,935 shares to reach a total of 4,817 shares valued at approximately $1,698,000.
• Insiders, including President Michael Sentonas and Director Johanna Flower, sold significant amounts of stock recently, indicating a 2.73% and 2.48% decrease in their ownership, respectively.
• CrowdStrike's stock has shown strong performance, with a recent price of $446.66, and analysts maintain a consensus rating of "Moderate Buy", with a target price averaging $461.17.

IFG Advisory LLC raised its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 156.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,817 shares of the company's stock after buying an additional 2,935 shares during the period. IFG Advisory LLC's holdings in CrowdStrike were worth $1,698,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Jennison Associates LLC boosted its position in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock valued at $2,314,785,000 after buying an additional 1,144,295 shares during the period. Northern Trust Corp boosted its holdings in shares of CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after purchasing an additional 324,136 shares during the period. FMR LLC boosted its holdings in shares of CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after purchasing an additional 287,960 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of CrowdStrike by 11.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,938,331 shares of the company's stock valued at $663,221,000 after purchasing an additional 206,159 shares during the period. Finally, Voya Investment Management LLC boosted its holdings in shares of CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after purchasing an additional 582,471 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 11,527 shares of the company's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $5,431,522.40. Following the sale, the president directly owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the completion of the sale, the director directly owned 81,383 shares in the company, valued at approximately $38,592,632.43. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 235,570 shares of company stock valued at $110,581,672 in the last 90 days. 3.32% of the stock is currently owned by insiders.

CrowdStrike Price Performance

NASDAQ CRWD opened at $446.66 on Friday. 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 stock's fifty day moving average price is $479.51 and its 200 day moving average price is $422.89. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98. The company has a market cap of $111.33 billion, a price-to-earnings ratio of -647.33 and a beta of 1.13.

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

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. Wells Fargo & Company boosted their price target on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. UBS Group reiterated a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. Cfra reiterated a "hold" rating and issued a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Susquehanna boosted their price target on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Finally, Mizuho boosted their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $461.17.

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.

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