Sovran Advisors LLC Takes Position in CrowdStrike (NASDAQ:CRWD)

Sovran Advisors LLC purchased a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 6,818 shares of the company's stock, valued at approximately $2,561,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after purchasing an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at $2,166,000. OLD National Bancorp IN bought a new stake in shares of CrowdStrike during the 1st quarter valued at $248,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of CrowdStrike in the 4th quarter worth $649,000. Finally, Metis Global Partners LLC raised its stake in shares of CrowdStrike by 19.4% in the fourth quarter. Metis Global Partners LLC now owns 8,811 shares of the company's stock worth $3,015,000 after buying an additional 1,433 shares during the period. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $8.08 during midday trading on Monday, reaching $507.41. The company had a trading volume of 1,028,183 shares, compared to its average volume of 4,767,571. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $452.08 and its 200 day simple moving average is $401.81. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $510.15. The stock has a market cap of $126.47 billion, a P/E ratio of -735.64 and a beta of 1.16.

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 the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations 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 quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.93 EPS. On average, analysts forecast 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 Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total value of $3,595,700.00. Following the sale, the director now directly owns 62,891 shares of the company's stock, valued at approximately $22,613,716.87. This trade represents a 13.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction on 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 completion of the sale, the director now directly owns 18,858 shares of the company's stock, valued at approximately $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 ninety days, insiders sold 255,821 shares of company stock valued at $115,966,659. 3.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CRWD shares. Sanford C. Bernstein lowered shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a report on Friday, June 6th. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Scotiabank boosted their price objective on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Oppenheimer lifted their target price on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Piper Sandler upped their price target on CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $453.88.

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.