Legato Capital Management LLC Boosts Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Legato Capital Management LLC lifted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 120.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 11,000 shares of the company's stock after buying an additional 6,000 shares during the quarter. Legato Capital Management LLC's holdings in CrowdStrike were worth $3,878,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jennison Associates LLC increased its holdings in 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. Geode Capital Management LLC increased its holdings in CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the period. Norges Bank purchased a new position in CrowdStrike during the 4th quarter worth $1,111,542,000. Northern Trust Corp increased its holdings in CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after purchasing an additional 324,136 shares during the period. Finally, FMR LLC increased its holdings in CrowdStrike by 15.0% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after purchasing an additional 287,960 shares during the period. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $5.89 during trading on Friday, reaching $467.92. 1,788,951 shares of the company traded hands, compared to its average volume of 2,689,736. The firm's fifty day simple moving average is $477.89 and its 200 day simple moving average is $418.70. The stock has a market cap of $116.63 billion, a P/E ratio of -678.14 and a beta of 1.16. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during 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%. The company's revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. As a group, research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president owned 422,204 shares in the company, valued at $201,391,308. The trade was a 5.59% 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, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 241,820 shares of company stock worth $113,297,985 over the last quarter. Company insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. The Goldman Sachs Group raised their price objective on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Truist Financial restated a "buy" rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Stifel Nicolaus raised 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. Scotiabank raised their price objective on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, Piper Sandler downgraded CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective on the stock. in a report on Monday, July 7th. One equities research 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 company. According to MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target 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.