Sivia Capital Partners LLC Increases Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sivia Capital Partners LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 5.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 653 shares of the company’s stock after purchasing an additional 32 shares during the quarter. Sivia Capital Partners LLC’s holdings in CrowdStrike were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of CrowdStrike by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company’s stock worth $7,502,204,000 after buying an additional 342,294 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company’s stock valued at $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank purchased a new stake in CrowdStrike in the fourth quarter valued at approximately $1,111,542,000. Northern Trust Corp raised its stake in CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company’s stock valued at $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Finally, FMR LLC raised its stake in CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company’s stock valued at $754,179,000 after purchasing an additional 287,960 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of recent analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Scotiabank raised their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. raised their price target on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. The Goldman Sachs Group restated a “buy” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Barclays set a $500.00 price objective on CrowdStrike in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $450.43.

CrowdStrike Stock Up 1.2%

Shares of CrowdStrike stock opened at $468.41 on Monday. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $415.18 and its two-hundred day simple moving average is $388.50. The company has a market cap of $116.11 billion, a P/E ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12-month low of $200.81 and a 12-month high of $491.20.

CrowdStrike (NASDAQ:CRWD) 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 net margin of 3.39% and a return on equity of 7.11%. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. CrowdStrike’s quarterly revenue was up 19.8% on a year-over-year basis. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Insiders Place Their Bets

In related news, Director Gerhard Watzinger sold 10,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total value of $4,890,000.00. Following the sale, the director now directly owns 29,500 shares of the company’s stock, valued at $14,425,500. This represents a 25.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 55,556 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 211,681 shares of company stock worth $87,081,236. Company insiders own 3.32% of the company’s stock.

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.