Intrinsic Value Partners LLC Makes New $249,000 Investment in CrowdStrike (NASDAQ:CRWD)

Key Points

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Intrinsic Value Partners LLC bought a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 705 shares of the company's stock, valued at approximately $249,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. lifted its position in CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after acquiring an additional 215 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new stake in shares of CrowdStrike in the fourth quarter worth approximately $2,166,000. OLD National Bancorp IN bought a new position in shares of CrowdStrike in the first quarter valued at approximately $248,000. Bessemer Group Inc. boosted its position in shares of CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after buying an additional 98 shares during the last quarter. Finally, CX Institutional purchased a new position in shares of CrowdStrike during the first quarter valued at approximately $175,000. 71.16% of the stock is owned by institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Johanna Flower sold 2,073 shares of CrowdStrike stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the transaction, the director directly owned 81,383 shares of the company's stock, valued at $38,592,632.43. The trade was a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $869,449.36. Following the completion of the transaction, the chief accounting officer owned 41,251 shares in the company, valued at $20,286,004.27. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 235,570 shares of company stock worth $110,581,672 over the last three months. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $7.91 during mid-day trading on Friday, reaching $446.66. The stock had a trading volume of 3,012,444 shares, compared to its average volume of 2,504,503. The stock has a market capitalization of $111.33 billion, a P/E ratio of -647.33 and a beta of 1.13. The firm has a 50 day moving average price of $479.51 and a two-hundred day moving average price of $422.89. 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.

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, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.93 EPS. The business's quarterly revenue was up 19.8% on a year-over-year basis. As a group, analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of analyst reports. DZ Bank lowered CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a research report on Thursday, May 22nd. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Stephens raised their price target on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Roth Capital upped their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Susquehanna increased their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $461.17.

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.