800 Shares in CrowdStrike (NASDAQ:CRWD) Purchased by Sustainable Insight Capital Management LLC

Key Points

• Sustainable Insight Capital Management LLC has acquired a new stake in CrowdStrike (NASDAQ: CRWD), purchasing 800 shares valued at approximately $282,000 in the first quarter.
• Several institutional investors made changes to their positions in CrowdStrike, with 71.16% of the stock currently owned by hedge funds and other institutional investors.
• CrowdStrike's CFO sold 11,883 shares for over $5.4 million, indicating a 4.89% decrease in his position, alongside other insider transactions in recent months.

Sustainable Insight Capital Management LLC acquired a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 800 shares of the company's stock, valued at approximately $282,000.

Other hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike in the 1st quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its position in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new position in CrowdStrike during the 1st quarter worth approximately $26,000. E Fund Management Hong Kong Co. Ltd. raised its position in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in shares of CrowdStrike during the 1st quarter worth approximately $30,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In related news, Director Johanna Flower sold 2,073 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the sale, the director owned 81,383 shares of the company's stock, valued at $38,592,632.43. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the sale, the chief financial officer directly owned 231,130 shares in the company, valued at approximately $105,272,781.10. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CRWD shares. DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target on the stock. in a research note on Thursday, May 22nd. Cfra restated a "hold" rating and issued a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Raymond James Financial reiterated an "outperform" rating and set a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Barclays set a $500.00 target price on CrowdStrike in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Price Performance

CrowdStrike stock traded down $3.68 during trading hours on Wednesday, hitting $432.12. The stock had a trading volume of 2,456,673 shares, compared to its average volume of 2,679,246. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $107.71 billion, a price-to-earnings ratio of -626.26 and a beta of 1.13. CrowdStrike has a 1-year low of $242.25 and a 1-year high of $517.98. The stock's fifty day moving average is $474.93 and its two-hundred day moving average is $426.26.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its earnings results 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. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.