Versor Investments LP Makes New Investment in CrowdStrike (NASDAQ:CRWD)

Key Points

• Versor Investments LP acquired 5,399 shares of CrowdStrike, valued at approximately $1.9 million, during the first quarter.
• Analysts have raised their price targets for CrowdStrike stocks significantly, with Stephens setting a target of $540 and Goldman Sachs raising theirs to $530.
• In the past ninety days, insiders sold 214,414 shares of CrowdStrike stock, representing a total value of approximately $101.5 million.

Versor Investments LP acquired a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,399 shares of the company's stock, valued at approximately $1,904,000.

Several other hedge funds have also recently bought and sold shares of the stock. Valley Brook Capital Group Inc. lifted its position in CrowdStrike by 2.7% during the first quarter. Valley Brook Capital Group Inc. now owns 1,890 shares of the company's stock worth $666,000 after acquiring an additional 50 shares during the last quarter. Freestone Capital Holdings LLC raised its position in shares of CrowdStrike by 37.6% in the first quarter. Freestone Capital Holdings LLC now owns 2,911 shares of the company's stock valued at $1,026,000 after buying an additional 795 shares in the last quarter. Corient IA LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at approximately $529,000. LeConte Wealth Management LLC acquired a new stake in shares of CrowdStrike in the first quarter valued at approximately $206,000. Finally, Steward Partners Investment Advisory LLC raised its position in shares of CrowdStrike by 13.4% in the first quarter. Steward Partners Investment Advisory LLC now owns 35,087 shares of the company's stock valued at $12,371,000 after buying an additional 4,141 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of analyst reports. Stephens lifted their price target on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Needham & Company LLC lifted their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. BMO Capital Markets lifted their price target on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Raymond James Financial reiterated an "outperform" rating and issued a $485.00 price target (up from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. One equities research 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $461.17.

Insider Buying and Selling at CrowdStrike

In other news, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total value of $983,037.33. Following the completion of the sale, the director directly owned 81,383 shares of the company's stock, valued at $38,592,632.43. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

Shares of CRWD opened at $427.90 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $106.65 billion, a P/E ratio of -620.14 and a beta of 1.13. The firm's fifty day simple moving average is $472.79 and its two-hundred day simple moving average is $426.99. CrowdStrike has a 12 month low of $242.25 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business 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 business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 earnings per share. As a group, analysts predict that CrowdStrike will post 0.55 EPS for the current 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.

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