Roundview Capital LLC Makes New Investment in CrowdStrike (NASDAQ:CRWD)

Roundview Capital LLC acquired a new position in CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 599 shares of the company's stock, valued at approximately $211,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Close Asset Management Ltd boosted its stake in CrowdStrike by 23.8% in the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares during the period. Legato Capital Management LLC raised its position in CrowdStrike by 120.0% during the first quarter. Legato Capital Management LLC now owns 11,000 shares of the company's stock valued at $3,878,000 after buying an additional 6,000 shares during the period. Venturi Wealth Management LLC lifted its stake in CrowdStrike by 1.2% in the 1st quarter. Venturi Wealth Management LLC now owns 5,219 shares of the company's stock worth $1,840,000 after acquiring an additional 63 shares in the last quarter. Readystate Asset Management LP acquired a new stake in CrowdStrike during the 1st quarter worth about $408,000. Finally, NCP Inc. grew its stake in CrowdStrike by 27.4% during the 1st quarter. NCP Inc. now owns 7,200 shares of the company's stock valued at $2,539,000 after acquiring an additional 1,550 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity at CrowdStrike

In other news, Director Johanna Flower sold 2,073 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the transaction, the director owned 81,383 shares in the company, valued at approximately $38,592,632.43. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Anurag Saha sold 1,768 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the transaction, the chief accounting officer owned 41,251 shares in the company, valued at $20,286,004.27. The trade was a 4.11% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 241,820 shares of company stock valued at $113,297,985. Insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Rosenblatt Securities raised their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. DA Davidson boosted their price target on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Truist Financial reiterated a "buy" rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Finally, Bank of America reaffirmed a "neutral" rating and set a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Stock Up 1.3%

Shares of NASDAQ:CRWD traded up $5.89 during midday trading on Friday, reaching $467.92. 1,788,951 shares of the company were exchanged, compared to its average volume of 2,689,736. The firm has a market cap of $116.63 billion, a PE ratio of -678.14 and a beta of 1.16. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The stock has a fifty day simple moving average of $477.89 and a two-hundred day simple moving average of $418.70. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 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 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 firm's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 EPS. As a group, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

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.