CrowdStrike (NASDAQ:CRWD) Shares Purchased by Liontrust Investment Partners LLP

Key Points

• Liontrust Investment Partners LLP increased its holdings in CrowdStrike by 48.8%, bringing its total investment to approximately $18.93 million as of the first quarter.
• Insider transactions included significant sales by the Director and President, with total sales amounting to over $19 million in June, indicating a notable decrease in their ownership percentages.
• CrowdStrike's stock has a current market cap of $105.9 billion and has seen a year-over-year revenue growth of 19.8%, despite a negative net margin.

Liontrust Investment Partners LLP boosted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 48.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 53,682 shares of the company's stock after acquiring an additional 17,613 shares during the quarter. Liontrust Investment Partners LLP's holdings in CrowdStrike were worth $18,927,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike in the first quarter valued at $25,000. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike in the first quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC increased its position in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in CrowdStrike during the 1st quarter worth about $30,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on CRWD shares. Morgan Stanley restated an "equal weight" rating and issued a $495.00 price target (up previously from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. DZ Bank cut CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a report on Thursday, May 22nd. Rosenblatt Securities boosted their price target on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Stephens upped their target price on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus upped their price objective on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. One 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's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $461.17.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the transaction, the director directly owned 18,858 shares of the company's stock, valued at $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 42,267 shares of CrowdStrike stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares in the company, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 214,414 shares of company stock worth $101,484,738 over the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of CRWD traded up $3.04 during trading hours on Friday, reaching $427.90. The company had a trading volume of 2,262,855 shares, compared to its average volume of 2,735,901. The firm has a 50 day simple moving average of $472.79 and a 200-day simple moving average of $426.99. 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 capitalization of $106.65 billion, a price-to-earnings ratio of -620.14 and a beta of 1.13. CrowdStrike has a 12-month low of $242.25 and a 12-month high of $517.98.

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

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.