Spirit of America Management Corp NY Acquires 525 Shares of CrowdStrike (NASDAQ:CRWD)

Spirit of America Management Corp NY boosted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 18.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,325 shares of the company's stock after purchasing an additional 525 shares during the period. Spirit of America Management Corp NY's holdings in CrowdStrike were worth $1,172,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRWD. Norges Bank bought a new position in CrowdStrike during the fourth quarter worth about $1,111,542,000. GAMMA Investing LLC lifted its stake in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the period. Pathstone Holdings LLC increased its holdings in shares of CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after buying an additional 1,017,678 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $237,375,000. Finally, Voya Investment Management LLC raised its stake in shares of CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after acquiring an additional 582,471 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRWD. JMP Securities reiterated a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research note on Wednesday, June 4th. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a research note on Thursday, May 22nd. Raymond James Financial reiterated an "outperform" rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus lifted their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average price target of $453.17.

CrowdStrike Price Performance

Shares of CRWD stock opened at $485.16 on Friday. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $493.20. The firm has a market capitalization of $120.93 billion, a price-to-earnings ratio of -703.13 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. The firm has a fifty day moving average of $438.65 and a 200-day moving average of $395.73.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) 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 company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The firm's revenue was up 19.8% on a year-over-year basis. On average, equities research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity

In related news, CAO Anurag Saha sold 2,141 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the transaction, the chief accounting officer now directly owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. This represents a 5.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Shawn Henry sold 2,547 shares of the company's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $365.96, for a total transaction of $932,100.12. Following the completion of the transaction, the insider now directly owns 82,071 shares of the company's stock, valued at approximately $30,034,703.16. The trade was a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 201,748 shares of company stock valued at $89,478,971 in the last quarter. Company insiders own 3.32% of the company's stock.

CrowdStrike Company 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.

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