Slow Capital Inc. Has $8.50 Million Position in CrowdStrike (NASDAQ:CRWD)

Slow Capital Inc. boosted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 85.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 24,098 shares of the company's stock after buying an additional 11,080 shares during the quarter. CrowdStrike makes up about 1.1% of Slow Capital Inc.'s holdings, making the stock its 20th biggest position. Slow Capital Inc.'s holdings in CrowdStrike were worth $8,496,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FSA Wealth Management LLC raised 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 worth $78,000 after buying an additional 23 shares during the last quarter. Tradewinds Capital Management LLC raised its stake in shares of CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after buying an additional 25 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in shares of CrowdStrike by 0.9% during the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after buying an additional 26 shares during the last quarter. Stratos Investment Management LLC raised its stake in shares of CrowdStrike by 0.9% during the first quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock worth $1,129,000 after buying an additional 27 shares during the last quarter. Finally, American Financial Advisors LLC raised its stake in shares of CrowdStrike by 2.9% during the first quarter. American Financial Advisors LLC now owns 1,008 shares of the company's stock worth $355,000 after buying an additional 28 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Piper Sandler downgraded shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price target for the company. in a research note on Monday, July 7th. Wells Fargo & Company boosted their price target on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Sanford C. Bernstein downgraded shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a research note on Friday, June 6th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Finally, DA Davidson upped their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average price target of $456.60.

CrowdStrike Stock Down 0.1%

CRWD traded down $0.62 during trading hours on Thursday, hitting $469.83. 2,253,633 shares of the company's stock were exchanged, compared to its average volume of 4,762,773. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The stock's 50-day moving average is $473.24 and its two-hundred day moving average is $413.85. The stock has a market cap of $117.11 billion, a price-to-earnings ratio of -680.91 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 earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping 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 business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The firm's revenue was up 19.8% on a year-over-year basis. Sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the stock in a transaction on 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 sale, the director owned 36,906 shares in the company, valued at $17,306,330.58. This trade represents a 29.82% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer owned 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 255,294 shares of company stock valued at $118,670,500 in the last three months. 3.32% of the stock is currently owned by insiders.

CrowdStrike Profile

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.