CX Institutional Buys Shares of 495 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

CX Institutional bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 495 shares of the company’s stock, valued at approximately $175,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Primoris Wealth Advisors LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at $2,166,000. OLD National Bancorp IN purchased a new stake in shares of CrowdStrike in the 1st quarter valued at $248,000. Arcadia Investment Management Corp MI raised its holdings in shares of CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company’s stock valued at $4,090,000 after buying an additional 2,814 shares during the period. Trifecta Capital Advisors LLC raised its holdings in shares of CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company’s stock valued at $3,066,000 after buying an additional 8,561 shares during the period. Finally, Delta Financial Group Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter valued at $336,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 13,543 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the transaction, the president now directly owns 405,308 shares of the company’s stock, valued at $145,351,554.96. This trade represents a 3.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 2,141 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the transaction, the chief accounting officer now directly owns 34,024 shares of the company’s stock, valued at $12,649,782.96. The trade was a 5.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 247,861 shares of company stock valued at $104,770,558 in the last ninety days. Corporate insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. BMO Capital Markets boosted their price objective on CrowdStrike from $405.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Sanford C. Bernstein downgraded CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 price target on the stock. in a report on Friday, June 6th. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a report on Wednesday, March 5th. Evercore ISI restated an “in-line” rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Cantor Fitzgerald upped their price target on CrowdStrike from $440.00 to $475.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $453.17.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $480.62 on Monday. The company has a market cap of $119.13 billion, a price-to-earnings ratio of 942.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The stock has a 50 day simple moving average of $428.81 and a 200-day simple moving average of $392.53. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $491.20. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 EPS. On average, equities analysts forecast that CrowdStrike Holdings, Inc. 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.