Triumph Capital Management Has $1.54 Million Stock Position in CrowdStrike (NASDAQ:CRWD)

Triumph Capital Management grew its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 63.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,376 shares of the company's stock after purchasing an additional 1,691 shares during the period. Triumph Capital Management's holdings in CrowdStrike were worth $1,543,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. raised its stake in shares of CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after acquiring an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC bought a new position in shares of CrowdStrike in the fourth quarter worth about $2,166,000. OLD National Bancorp IN bought a new position in shares of CrowdStrike in the first quarter worth about $248,000. Bessemer Group Inc. raised its stake in shares of CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after acquiring an additional 98 shares during the last quarter. Finally, Financial Engines Advisors L.L.C. bought a new position in shares of CrowdStrike in the fourth quarter worth about $284,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer owned 2,192,610 shares in the company, valued at $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the sale, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 241,820 shares of company stock valued at $113,297,985. Company insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CRWD. Cantor Fitzgerald boosted their price objective on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. DA Davidson boosted their price objective on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. The Goldman Sachs Group boosted their price objective on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Barclays set a $500.00 price objective on CrowdStrike in a report on Tuesday, June 3rd. Finally, UBS Group reissued a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $461.17.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $5.89 during mid-day trading on Friday, reaching $467.92. The company had a trading volume of 1,788,951 shares, compared to its average volume of 2,689,736. The business's 50-day simple moving average is $477.89 and its 200 day simple moving average is $418.70. The firm has a market cap of $116.63 billion, a price-to-earnings ratio of -678.14 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a one year low of $200.81 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its 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. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.93 earnings per share. The business's revenue for the quarter was up 19.8% on a year-over-year basis. On average, research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.