CrowdStrike (NASDAQ:CRWD) Position Boosted by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its stake in CrowdStrike by 52.0%, acquiring an additional 24,701 shares for a total of 72,205 shares valued at $25.5 million.
• Several institutional investors, including Jennison Associates LLC and Voya Investment Management LLC, have also boosted their holdings in CrowdStrike, reflecting a growing confidence as they own 71.16% of the company's stock.
• CrowdStrike's recent earnings report showed an EPS of $0.73, exceeding estimates, with a revenue increase of 19.8% year-over-year despite a negative net margin.

Natixis Advisors LLC boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 52.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,205 shares of the company's stock after buying an additional 24,701 shares during the quarter. Natixis Advisors LLC's holdings in CrowdStrike were worth $25,458,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. NorthRock Partners LLC raised its holdings in CrowdStrike by 9.8% in the first quarter. NorthRock Partners LLC now owns 5,000 shares of the company's stock valued at $1,763,000 after acquiring an additional 445 shares in the last quarter. North Star Asset Management Inc. raised its holdings in CrowdStrike by 0.3% in the first quarter. North Star Asset Management Inc. now owns 31,641 shares of the company's stock valued at $11,156,000 after acquiring an additional 104 shares in the last quarter. Modera Wealth Management LLC raised its holdings in CrowdStrike by 15.1% in the first quarter. Modera Wealth Management LLC now owns 3,794 shares of the company's stock valued at $1,338,000 after acquiring an additional 498 shares in the last quarter. Eastern Bank raised its holdings in CrowdStrike by 78.3% in the first quarter. Eastern Bank now owns 2,140 shares of the company's stock valued at $755,000 after acquiring an additional 940 shares in the last quarter. Finally, Marshall Investment Management LLC raised its holdings in CrowdStrike by 0.9% in the first quarter. Marshall Investment Management LLC now owns 7,353 shares of the company's stock valued at $2,593,000 after acquiring an additional 64 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. Jefferies Financial Group raised their price objective on shares of CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Mizuho raised their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. Cantor Fitzgerald raised their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 target price (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus price target of $461.17.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total value of $7,352,822.40. Following the sale, the director directly owned 36,906 shares in the company, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Roxanne S. Austin sold 15,000 shares of the firm's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the sale, the director owned 18,858 shares in the company, valued at $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 235,570 shares of company stock worth $110,581,672. 3.32% of the stock is currently owned by insiders.

CrowdStrike Stock Down 1.7%

NASDAQ:CRWD traded down $7.91 during trading hours on Friday, hitting $446.66. The stock had a trading volume of 3,012,444 shares, compared to its average volume of 2,504,503. 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 has a 1-year low of $200.81 and a 1-year high of $517.98. The business has a 50 day simple moving average of $479.51 and a two-hundred day simple moving average of $422.89. The company has a market cap of $111.33 billion, a PE ratio of -647.33 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 (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $0.93 earnings per share. CrowdStrike's revenue for the quarter was up 19.8% on a year-over-year basis. Analysts predict that CrowdStrike will post 0.55 EPS for the current 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.