Portland Global Advisors LLC Grows Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• Portland Global Advisors LLC increased its holdings in CrowdStrike by 4.2%, acquiring an additional 1,133 shares during the first quarter, bringing its total to 28,084 shares valued at approximately $9.9 million.
• Several hedge funds significantly increased their stakes in CrowdStrike, with Jennison Associates growing its position by 21.1% and GAMMA Investing increasing its holdings by an astounding 50,536.2% during the same period.
• CrowdStrike's shares opened at $467.92, and analysts have set an average price target of $461.17 with a consensus rating of "Moderate Buy."

Portland Global Advisors LLC increased its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 4.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 28,084 shares of the company's stock after acquiring an additional 1,133 shares during the period. CrowdStrike makes up about 1.2% of Portland Global Advisors LLC's portfolio, making the stock its 22nd largest holding. Portland Global Advisors LLC's holdings in CrowdStrike were worth $9,902,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. FSA Wealth Management LLC raised its position in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after purchasing an additional 23 shares during the period. Tradewinds Capital Management LLC lifted its position in CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the period. Close Asset Management Ltd lifted its position in shares of CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after acquiring an additional 25 shares during the period. Stratos Wealth Advisors LLC lifted its position in shares of CrowdStrike by 0.9% during the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock valued at $1,052,000 after acquiring an additional 26 shares during the period. Finally, Stratos Investment Management LLC increased its stake in shares of CrowdStrike by 0.9% during the 1st quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock worth $1,129,000 after purchasing an additional 27 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on CRWD. Stephens lifted their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Macquarie began coverage on shares of CrowdStrike in a report on Thursday, July 17th. They issued a "neutral" rating and a $465.00 price objective on the stock. Susquehanna boosted their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a report on Wednesday, June 4th. Stifel Nicolaus boosted their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company boosted their price objective on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. 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. According to MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $461.17.

CrowdStrike Trading Down 0.5%

Shares of NASDAQ:CRWD traded down $2.36 during mid-day trading on Wednesday, hitting $463.15. The company had a trading volume of 2,077,627 shares, compared to its average volume of 3,785,106. The firm has a fifty day moving average price of $478.91 and a 200 day moving average price of $420.72. The company has a market capitalization of $115.44 billion, a PE ratio of -671.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a one year low of $200.81 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm's quarterly revenue was up 19.8% on a year-over-year basis. As a group, research analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity at CrowdStrike

In other news, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer owned 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the transaction, the director directly owned 18,858 shares of the company's stock, valued at $9,385,060.86. The trade was a 44.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 241,820 shares of company stock valued at $113,297,985 in the last ninety days. Insiders own 3.32% of the company's stock.

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.