CrowdStrike (NASDAQ:CRWD) Position Boosted by NCP Inc.

NCP Inc. boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 27.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,200 shares of the company's stock after buying an additional 1,550 shares during the quarter. CrowdStrike accounts for approximately 3.4% of NCP Inc.'s portfolio, making the stock its 8th largest holding. NCP Inc.'s holdings in CrowdStrike were worth $2,539,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CRWD. Blue Trust Inc. increased its position in CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after purchasing an additional 215 shares in the last quarter. Primoris Wealth Advisors LLC purchased a new position in CrowdStrike in the 4th quarter valued at about $2,166,000. OLD National Bancorp IN acquired a new stake in shares of CrowdStrike during the 1st quarter worth about $248,000. Bessemer Group Inc. boosted its stake in shares of CrowdStrike by 4.6% during the 1st quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after purchasing an additional 98 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $284,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 0.1%

NASDAQ CRWD traded up $0.51 on Thursday, reaching $462.03. The company had a trading volume of 2,481,262 shares, compared to its average volume of 2,716,285. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The company's fifty day moving average is $476.71 and its 200 day moving average is $417.30. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The stock has a market capitalization of $115.16 billion, a P/E ratio of 11,538.00 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results 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. The company 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%. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. Sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Barclays set a $500.00 target price on shares of CrowdStrike in a research report on Tuesday, June 3rd. DA Davidson lifted their price objective on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Raymond James Financial reiterated an "outperform" rating and issued a $485.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Canaccord Genuity Group reiterated a "hold" rating and set a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, 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. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and an average price target of $461.17.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the sale, the director directly owned 781,011 shares of the company's stock, valued at $400,213,466.73. This represents a 0.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin sold 9,447 shares of the business's 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 completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 241,820 shares of company stock valued at $113,297,985. Company insiders own 3.32% of the company's stock.

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.