CrowdStrike (NASDAQ:CRWD) Shares Bought by Stevens Capital Management LP

Key Points

• Stevens Capital Management LP significantly increased its holdings in CrowdStrike by 426.2%, acquiring an additional 4,219 shares to reach a total of 5,209 shares valued at approximately $1.84 million.
• Insider trading activity included CAO Anurag Saha and Director Roxanne S. Austin selling a combined total of 11,215 shares, reducing their holdings by 4.11% and 33.38%, respectively.
• CrowdStrike’s recent earnings report showed a 19.8% year-over-year revenue growth, with an EPS of $0.73, which exceeded the consensus estimate of $0.66.

Stevens Capital Management LP grew its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 426.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,209 shares of the company's stock after acquiring an additional 4,219 shares during the period. Stevens Capital Management LP's holdings in CrowdStrike were worth $1,837,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CRWD. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike during the first quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the period. Neo Ivy Capital Management purchased a new position in shares of CrowdStrike during the first quarter valued at $30,000. Finally, Sound Income Strategies LLC increased its stake in shares of CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares during the period. Institutional investors own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In related news, President Michael Sentonas sold 11,527 shares of the firm's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $5,431,522.40. Following the transaction, the president directly owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. This trade represents a 2.73% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the transaction, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 241,820 shares of company stock valued at $113,297,985. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

CRWD traded up $5.89 during trading on Friday, hitting $467.92. The company's stock had a trading volume of 1,788,951 shares, compared to its average volume of 2,689,736. The firm has a market capitalization of $116.63 billion, a price-to-earnings ratio of -678.14 and a beta of 1.16. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The business's fifty day simple moving average is $477.89 and its 200 day simple moving average is $418.70. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for 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 firm's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 EPS. On average, equities research analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research reports. Cfra restated a "hold" rating and set a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Needham & Company LLC boosted their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Royal Bank Of Canada boosted their target price on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Truist Financial reiterated a "buy" rating and issued a $500.00 target price (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Bank of America reiterated a "neutral" rating and issued a $470.00 target price (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 issued a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

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.