Seaview Investment Managers LLC Takes $220,000 Position in CrowdStrike (NASDAQ:CRWD)

Seaview Investment Managers LLC purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 625 shares of the company's stock, valued at approximately $220,000.

Several other hedge funds have also modified their holdings of the stock. FSA Wealth Management LLC grew its stake in shares of CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after purchasing an additional 23 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in CrowdStrike by 20.8% in the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after acquiring an additional 25 shares during the last quarter. Close Asset Management Ltd grew its holdings in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after acquiring an additional 25 shares during the period. Ramirez Asset Management Inc. raised its position in shares of CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after acquiring an additional 25 shares during the last quarter. Finally, Stratos Wealth Advisors LLC lifted its stake 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 purchasing an additional 26 shares during the period. 71.16% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction dated 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 transaction, the director owned 36,906 shares of the company's stock, valued at $17,306,330.58. This trade represents a 29.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the sale, the director directly owned 18,858 shares of the company's stock, valued at $9,385,060.86. The trade was a 44.30% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,414 shares of company stock worth $101,484,738. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $432.12 on Thursday. The firm has a 50-day moving average of $474.36 and a 200-day moving average of $426.30. CrowdStrike has a one year low of $242.25 and a one year high of $517.98. The company has a market cap of $107.71 billion, a PE ratio of -626.26 and a beta of 1.13. 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 announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company 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 firm posted $0.93 EPS. The company's quarterly revenue was up 19.8% on a year-over-year basis. As a group, equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Macquarie started coverage on CrowdStrike in a research note on Thursday, July 17th. They set a "neutral" rating and a $465.00 price objective for the company. Piper Sandler lowered CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price for the company. in a research report on Monday, July 7th. BMO Capital Markets increased their price target on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Oppenheimer increased their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Cantor Fitzgerald upped their target price on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

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.

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