True Vision MN LLC Makes New Investment in CrowdStrike (NASDAQ:CRWD)

True Vision MN LLC acquired a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,967 shares of the company's stock, valued at approximately $694,000.

A number of other institutional investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC grew its position in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after buying an additional 23 shares during the last quarter. Tradewinds Capital Management LLC boosted its position in shares of CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in shares of CrowdStrike by 0.9% during the first quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock valued at $1,052,000 after purchasing an additional 26 shares in the last quarter. Stratos Investment Management LLC boosted its position in shares of CrowdStrike by 0.9% during the first quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock valued at $1,129,000 after purchasing an additional 27 shares in the last quarter. Finally, Wintrust Investments LLC boosted its position in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CRWD shares. Truist Financial restated a "buy" rating and set a $500.00 price target (up from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Oppenheimer boosted their price target on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Cantor Fitzgerald boosted their target price on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Finally, Sanford C. Bernstein downgraded shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a report on Friday, June 6th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $456.29.

Insider Activity

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the sale, the director owned 18,858 shares of the company's stock, valued at approximately $9,385,060.86. This represents a 44.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the sale, the chief financial officer owned 249,653 shares in the company, valued at $109,068,402.64. This represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 255,821 shares of company stock valued at $118,672,681 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Stock Down 0.9%

Shares of CRWD traded down $4.59 during midday trading on Friday, hitting $482.52. The company had a trading volume of 1,896,894 shares, compared to its average volume of 4,759,073. The company's 50-day simple moving average is $469.44 and its 200-day simple moving average is $409.94. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $120.27 billion, a P/E ratio of -699.22 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current 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.