Sapient Capital LLC Invests $204,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sapient Capital LLC bought a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 579 shares of the company's stock, valued at approximately $204,000.

Several other large investors also recently modified their holdings of the company. Primoris Wealth Advisors LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $2,166,000. OLD National Bancorp IN bought a new stake in CrowdStrike during the 1st quarter worth approximately $248,000. Arcadia Investment Management Corp MI lifted its holdings in CrowdStrike by 30.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Trifecta Capital Advisors LLC boosted its position in shares of CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after purchasing an additional 8,561 shares during the period. Finally, Delta Financial Group Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter worth $336,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Down 0.2%

Shares of CRWD stock traded down $1.11 during trading hours on Monday, reaching $479.51. 1,504,730 shares of the company's stock were exchanged, compared to its average volume of 5,013,184. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The stock's 50 day moving average is $428.81 and its 200-day moving average is $392.53. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a market cap of $118.86 billion, a price-to-earnings ratio of 941.62, a P/E/G ratio of 17.86 and a beta of 1.16.

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 the consensus estimate of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $0.93 earnings per share. The company's quarterly revenue was up 19.8% on a year-over-year basis. Analysts predict that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In other news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 247,861 shares of company stock valued at $104,770,558 in the last ninety days. Insiders own 3.32% of the company's stock.

Analyst Ratings Changes

Several research firms have recently issued reports on CRWD. JPMorgan Chase & Co. lifted their price objective on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Cantor Fitzgerald lifted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Bank of America reissued a "neutral" rating and set a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Oppenheimer lifted their target price on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group increased their price target on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $453.17.

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.