Maxi Investments CY Ltd Acquires Shares of 11,678 CrowdStrike (NASDAQ:CRWD)

Key Points

• Maxi Investments CY Ltd acquired 11,678 shares of CrowdStrike, valued at approximately $4.12 million, indicating growing institutional interest in the cybersecurity firm.
• Insider activity included Director Roxanne S. Austin selling 15,000 shares, signifying a 44.30% decrease in her position, while CFO Burt W. Podbere sold 10,714 shares.
• Recent analyst reports show a mix of ratings, with targets ranging from $371.00 to $555.00, reflecting varied investor outlooks on CrowdStrike's stock performance.

Maxi Investments CY Ltd acquired a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 11,678 shares of the company's stock, valued at approximately $4,117,000.

Other hedge funds have also added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC grew its holdings in shares of CrowdStrike by 292.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 220 shares of the company's stock valued at $78,000 after buying an additional 164 shares during the last quarter. Advyzon Investment Management LLC bought a new position in shares of CrowdStrike during the 1st quarter worth $132,000. New Age Alpha Advisors LLC boosted its position in shares of CrowdStrike by 100.0% during the 1st quarter. New Age Alpha Advisors LLC now owns 12,000 shares of the company's stock valued at $4,231,000 after acquiring an additional 6,000 shares during the last quarter. Thoroughbred Financial Services LLC increased its position in shares of CrowdStrike by 1.2% in the first quarter. Thoroughbred Financial Services LLC now owns 13,330 shares of the company's stock worth $4,699,000 after purchasing an additional 163 shares during the last quarter. Finally, Plan Group Financial LLC raised its stake in CrowdStrike by 7.6% in the first quarter. Plan Group Financial LLC now owns 846 shares of the company's stock valued at $298,000 after purchasing an additional 60 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on CRWD shares. DA Davidson raised their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. JMP Securities reissued a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research note on Wednesday, June 4th. Needham & Company LLC upped their price objective on CrowdStrike from $420.00 to $530.00 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 company a "sector perform" rating in a report on Wednesday, June 4th. Finally, Roth Capital upped their target price on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

Insider Activity

In related news, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the transaction, the chief executive officer directly owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the transaction, the director owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 214,414 shares of company stock worth $101,484,738. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

CrowdStrike stock traded up $9.94 during mid-day trading on Wednesday, reaching $451.69. 2,030,984 shares of the stock traded hands, compared to its average volume of 2,633,956. CrowdStrike has a 12-month low of $229.72 and a 12-month high of $517.98. The business's 50-day moving average is $478.89 and its 200-day moving average is $424.11. 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 has a market capitalization of $112.58 billion, a PE ratio of -654.62 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 business's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.93 EPS. As a group, sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

CrowdStrike Company 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.