Sigma Planning Corp Has $6.06 Million Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Sigma Planning Corp grew its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 20.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,189 shares of the company's stock after purchasing an additional 2,908 shares during the quarter. Sigma Planning Corp's holdings in CrowdStrike were worth $6,060,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of CrowdStrike in the 4th quarter valued at $1,111,542,000. GAMMA Investing LLC increased its position in shares of CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after buying an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC increased its position in shares of CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after buying an additional 1,017,678 shares in the last quarter. Voya Investment Management LLC increased its position in shares of CrowdStrike by 43.5% in the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after buying an additional 582,471 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of CrowdStrike by 2,586.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 418,094 shares of the company's stock valued at $143,055,000 after buying an additional 402,531 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CRWD shares. Roth Capital increased their target price on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Mizuho increased their target price on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a report on Wednesday, June 4th. The Goldman Sachs Group increased their target price on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Scotiabank increased their target price on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, JMP Securities reiterated a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $456.29.

CrowdStrike Price Performance

CRWD stock opened at $478.45 on Monday. The company's fifty day simple moving average is $470.20 and its 200 day simple moving average is $411.35. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The firm has a market cap of $119.25 billion, a price-to-earnings 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 (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. On average, analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,714 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $469.49, for a total transaction of $5,030,115.86. Following the completion of the sale, the chief financial officer directly owned 239,008 shares of the company's stock, valued at $112,211,865.92. The trade was a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares of the company's stock, valued at $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 253,221 shares of company stock valued at $117,687,463 over the last quarter. 3.32% of the stock is currently owned by company insiders.

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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