L & S Advisors Inc Acquires 4,590 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• L & S Advisors Inc increased its holdings in CrowdStrike by 80.1%, acquiring a total of 10,323 shares valued at approximately $3.64 million.
• Insiders, including President Michael Sentonas, sold a combined total of 235,570 shares worth around $110.6 million in the last 90 days, indicating some level of cashing out by top management.
• Analysts have raised their target prices for CrowdStrike, with several firms setting new targets between $525.00 and $540.00, reflecting strong expectations for the stock's performance.

L & S Advisors Inc boosted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 80.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,323 shares of the company's stock after buying an additional 4,590 shares during the period. L & S Advisors Inc's holdings in CrowdStrike were worth $3,640,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Jennison Associates LLC boosted its stake in 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 in the last quarter. GAMMA Investing LLC boosted 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 valued at $383,132,000 after buying an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC boosted its stake in CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after buying an additional 1,017,678 shares in the last quarter. Voya Investment Management LLC boosted its stake in CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after buying an additional 582,471 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in CrowdStrike during the first quarter valued at about $188,050,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Wells Fargo & Company increased their price target on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Wedbush increased their price target on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Evercore ISI reiterated an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Mizuho increased their price target on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. One 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. According to data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and an average price target of $461.17.

CrowdStrike Price Performance

CRWD stock traded down $7.91 during trading on Friday, hitting $446.66. The company had a trading volume of 3,012,444 shares, compared to its average volume of 2,655,223. The company has a fifty day moving average price of $479.51 and a two-hundred day moving average price of $423.31. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market cap of $111.33 billion, a P/E ratio of -647.33 and a beta of 1.13. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 EPS. Equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director owned 18,858 shares of the company's stock, valued at $9,385,060.86. This represents a 44.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the transaction, the president directly owned 422,204 shares in the company, valued at $201,391,308. This trade represents a 5.59% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 235,570 shares of company stock valued at $110,581,672. Insiders own 3.32% of the company's stock.

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.