Realta Investment Advisors Has $3.13 Million Stake in CrowdStrike (NASDAQ:CRWD)

Realta Investment Advisors increased its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 25.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 8,886 shares of the company's stock after acquiring an additional 1,777 shares during the period. CrowdStrike accounts for about 1.4% of Realta Investment Advisors' holdings, making the stock its 15th largest position. Realta Investment Advisors' holdings in CrowdStrike were worth $3,133,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Vanguard Group Inc. increased its holdings in shares of CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after acquiring an additional 342,294 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of CrowdStrike by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares during the last quarter. Norges Bank acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $1,111,542,000. Northern Trust Corp increased its holdings in shares of CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after acquiring an additional 324,136 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of CrowdStrike by 15.0% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after acquiring an additional 287,960 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CRWD shares. Truist Financial reissued a "buy" rating and set a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. Rosenblatt Securities raised their target price on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Cantor Fitzgerald raised their target price on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $456.29.

Insider Buying and Selling

In other news, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the sale, the president directly owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. This trade represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,768 shares of CrowdStrike stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total value of $869,449.36. Following the completion of the sale, the chief accounting officer directly owned 41,251 shares of the company's stock, valued at $20,286,004.27. This trade represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 255,821 shares of company stock worth $118,672,681. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Trading Down 1.8%

CRWD stock opened at $478.45 on Friday. The business has a fifty day moving average price of $470.20 and a 200 day moving average price of $410.72. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The stock has a market capitalization of $119.25 billion, a price-to-earnings ratio of -693.41 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 (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the firm posted $0.93 EPS. The business's revenue was up 19.8% on a year-over-year basis. Analysts expect 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.

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