SBI Securities Co. Ltd. Buys 1,426 Shares of CrowdStrike (NASDAQ:CRWD)

SBI Securities Co. Ltd. increased its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 34,574 shares of the company's stock after purchasing an additional 1,426 shares during the period. SBI Securities Co. Ltd.'s holdings in CrowdStrike were worth $12,190,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. FSA Wealth Management LLC grew its holdings in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after buying an additional 23 shares during the period. Tradewinds Capital Management LLC grew its holdings in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after buying an additional 25 shares during the period. Stratos Wealth Advisors LLC grew its holdings in shares of CrowdStrike by 0.9% in the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock valued at $1,052,000 after buying an additional 26 shares during the period. Stratos Investment Management LLC grew its holdings in shares of CrowdStrike by 0.9% in the 1st quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock valued at $1,129,000 after buying an additional 27 shares during the period. Finally, American Financial Advisors LLC grew its holdings in shares of CrowdStrike by 2.9% in the 1st quarter. American Financial Advisors LLC now owns 1,008 shares of the company's stock valued at $355,000 after buying an additional 28 shares during the period. Institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

CRWD has been the subject of several research analyst reports. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Royal Bank Of Canada boosted their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. DA Davidson upped their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Raymond James Financial reaffirmed an "outperform" rating and issued a $485.00 target price (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Oppenheimer upped their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $456.40.

Insider Buying and Selling at CrowdStrike

In related news, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the transaction, the director owned 18,858 shares of the company's stock, valued at $9,667,553.70. This represents a 33.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 11,527 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the completion of the transaction, the president directly owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. The trade was a 2.73% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 253,221 shares of company stock worth $117,687,463 in the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Down 1.8%

CrowdStrike stock opened at $478.45 on Monday. The stock has a market cap of $119.25 billion, a P/E ratio of -693.41 and a beta of 1.16. 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 has a twelve month low of $200.81 and a twelve month high of $517.98. The company's 50-day moving average price is $470.20 and its two-hundred day moving average price is $411.35.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.93 EPS. As a group, analysts expect that CrowdStrike will post 0.55 EPS 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.

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