Xponance Inc. Acquires 5,650 Shares of CrowdStrike (NASDAQ:CRWD)

Xponance Inc. grew its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 10.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,258 shares of the company's stock after purchasing an additional 5,650 shares during the quarter. Xponance Inc.'s holdings in CrowdStrike were worth $21,246,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of CRWD. Blue Trust Inc. lifted its stake in shares of CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after acquiring an additional 215 shares during the period. Primoris Wealth Advisors LLC acquired a new position in shares of CrowdStrike during the fourth quarter valued at $2,166,000. OLD National Bancorp IN acquired a new position in shares of CrowdStrike during the first quarter valued at $248,000. Bessemer Group Inc. lifted its stake in shares of CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after acquiring an additional 98 shares during the period. Finally, Financial Engines Advisors L.L.C. acquired a new position in shares of CrowdStrike during the fourth quarter valued at $284,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CRWD shares. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Rosenblatt Securities increased their target price on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. DZ Bank lowered CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price on the stock. in a research note on Thursday, May 22nd. Mizuho increased their target price on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Roth Capital increased their target price on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $456.29.

Insider Activity at CrowdStrike

In other news, CFO Burt W. Podbere sold 10,714 shares of CrowdStrike stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $469.49, for a total transaction of $5,030,115.86. Following the completion of the sale, the chief financial officer owned 239,008 shares of the company's stock, valued at approximately $112,211,865.92. This trade represents a 4.29% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total value of $3,202,687.50. Following the sale, the director directly owned 781,011 shares of the company's stock, valued at $400,213,466.73. This represents a 0.79% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 255,821 shares of company stock valued at $118,672,681. 3.32% of the stock is currently owned by insiders.

CrowdStrike Stock Down 1.8%

Shares of NASDAQ:CRWD traded down $8.66 during midday trading on Friday, hitting $478.45. The stock had a trading volume of 3,377,761 shares, compared to its average volume of 4,771,280. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $469.44 and its 200-day simple moving average is $409.94. The company has a market cap of $119.25 billion, a P/E ratio of -693.41 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm posted $0.93 EPS. The company's quarterly revenue was up 19.8% on a year-over-year basis. On average, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

CrowdStrike Company 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.