Liontrust Investment Partners LLP Buys 17,613 Shares of CrowdStrike (NASDAQ:CRWD)

Liontrust Investment Partners LLP boosted its stake in shares of CrowdStrike (NASDAQ:CRWD) by 48.8% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 53,682 shares of the company’s stock after purchasing an additional 17,613 shares during the period. Liontrust Investment Partners LLP’s holdings in CrowdStrike were worth $18,927,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in CrowdStrike during the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC grew its position in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 40 shares during the period. Vision Financial Markets LLC bought a new position in CrowdStrike during the first quarter valued at about $26,000. E Fund Management Hong Kong Co. Ltd. grew its position in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock valued at $27,000 after buying an additional 58 shares during the period. Finally, Neo Ivy Capital Management bought a new position in CrowdStrike during the first quarter valued at about $30,000. Institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other news, President Michael Sentonas sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the transaction, the president owned 422,204 shares in the company, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the completion of the transaction, the director owned 18,858 shares in the company, valued at $9,385,060.86. This represents a 44.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CRWD shares. Raymond James Financial reaffirmed an “outperform” rating and set a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Scotiabank upped their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a report on Wednesday, June 4th. Stifel Nicolaus upped their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Roth Capital upped their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Finally, The Goldman Sachs Group upped their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the company a “buy” rating in a report on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and a consensus target price of $461.17.

CrowdStrike Stock Down 1.7%

Shares of NASDAQ CRWD opened at $424.86 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a one year low of $242.25 and a one year high of $517.98. The stock has a market capitalization of $105.90 billion, a P/E ratio of -615.74 and a beta of 1.13. The firm’s 50 day simple moving average is $473.60 and its two-hundred day simple moving average is $426.66.

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 the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business’s revenue was up 19.8% on a year-over-year basis. As a group, analysts expect that CrowdStrike will post 0.55 EPS 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.