Sheaff Brock Investment Advisors LLC Has $1.47 Million Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• Sheaff Brock Investment Advisors LLC increased its stake in CrowdStrike by 36.8%, holding 4,176 shares valued at approximately $1.47 million as per their latest SEC filing.
• CrowdStrike reported a $0.73 EPS for the last quarter, exceeding expectations of $0.66, with year-over-year revenue growth of 19.8%.
• Insider trading activity includes President Michael Sentonas selling over 11,500 shares for approximately $5.43 million, indicating a decrease in his ownership position.

Sheaff Brock Investment Advisors LLC boosted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 36.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,176 shares of the company's stock after buying an additional 1,124 shares during the period. Sheaff Brock Investment Advisors LLC's holdings in CrowdStrike were worth $1,472,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. FSA Wealth Management LLC raised its holdings in shares of CrowdStrike by 11.2% in the fourth 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 last quarter. Tradewinds Capital Management LLC raised its holdings in shares of 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 buying an additional 25 shares during the last quarter. Close Asset Management Ltd raised its holdings in shares of CrowdStrike by 23.8% in the first quarter. Close Asset Management Ltd now owns 130 shares of the company's stock valued at $46,000 after buying an additional 25 shares during the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of CrowdStrike by 0.9% in the first 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 last quarter. Finally, Stratos Investment Management LLC raised its holdings in shares of CrowdStrike by 0.9% in the first 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 last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Price Performance

NASDAQ CRWD opened at $467.92 on Monday. The company has a market capitalization of $116.63 billion, a PE ratio of -678.14 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 12-month low of $200.81 and a 12-month high of $517.98. The firm's 50 day moving average is $477.89 and its 200-day moving average is $419.54.

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. Equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, President Michael Sentonas sold 11,527 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the completion of the sale, the president owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total value of $3,202,687.50. Following the sale, the director directly owned 781,011 shares of the company's stock, valued at $400,213,466.73. This represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,820 shares of company stock worth $113,297,985 in the last quarter. 3.32% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

CRWD has been the subject of a number of research analyst reports. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. JMP Securities reissued a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, June 4th. Canaccord Genuity Group reissued a "hold" rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Barclays set a $500.00 price objective on CrowdStrike in a report on Tuesday, June 3rd. Finally, Bank of America reissued a "neutral" rating and set a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently 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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