Riverstone Advisors LLC Acquires New Position in CrowdStrike (NASDAQ:CRWD)

Riverstone Advisors LLC purchased a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,550 shares of the company's stock, valued at approximately $1,252,000. CrowdStrike comprises 0.8% of Riverstone Advisors LLC's holdings, making the stock its 20th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. increased its holdings in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the period. Sound Income Strategies LLC raised its holdings in shares of CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in CrowdStrike during the fourth quarter valued at $34,000. Millstone Evans Group LLC purchased a new stake in CrowdStrike in the fourth quarter valued at $34,000. Finally, ST Germain D J Co. Inc. grew its position in CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after purchasing an additional 81 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling

In other news, CFO Burt W. Podbere sold 16,000 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the transaction, the chief financial officer directly owned 249,653 shares in the company, valued at $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the sale, the director directly owned 36,906 shares of the company's stock, valued at $17,306,330.58. The trade was a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,821 shares of company stock valued at $117,495,993 over the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 0.8%

Shares of CRWD stock traded up $4.03 during trading on Wednesday, hitting $496.10. 2,110,349 shares of the stock traded hands, compared to its average volume of 4,774,318. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $516.62. The firm has a market capitalization of $123.65 billion, a P/E ratio of -718.99 and a beta of 1.16. The firm's fifty day moving average price is $457.49 and its 200-day moving average price is $403.42. 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 posted its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CRWD. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Wedbush boosted their price target on CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective on the stock. in a research note on Thursday, May 22nd. DA Davidson increased their price target on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Susquehanna lifted their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.88.

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.