Fairscale Capital LLC Purchases 197 Shares of CrowdStrike $CRWD

Fairscale Capital LLC lifted its position in CrowdStrike (NASDAQ:CRWD) by 34.4% in the first quarter, Holdings Channel.com reports. The firm owned 769 shares of the company’s stock after purchasing an additional 197 shares during the quarter. Fairscale Capital LLC’s holdings in CrowdStrike were worth $271,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of CRWD. Nuveen LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at approximately $595,766,000. Jennison Associates LLC increased its position in shares of CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after acquiring an additional 1,144,295 shares during the period. GAMMA Investing LLC boosted its holdings in shares of CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the period. Pathstone Holdings LLC grew its stake in shares of CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after purchasing an additional 1,017,678 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after buying an additional 908,554 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Up 0.7%

CRWD opened at $427.90 on Monday. CrowdStrike has a fifty-two week low of $242.25 and a fifty-two week high of $517.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $106.65 billion, a price-to-earnings ratio of -620.14 and a beta of 1.13. The firm’s fifty day moving average is $472.79 and its 200 day moving average is $427.21.

CrowdStrike (NASDAQ:CRWD) last issued its 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $0.93 EPS. The firm’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.

Insider Activity

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

Analyst Upgrades and Downgrades

CRWD has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a research note on Monday, June 2nd. Roth Capital lifted their target price on shares of CrowdStrike from $410.00 to $420.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. DZ Bank downgraded shares of CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 price target for the company. in a research note on Thursday, May 22nd. Truist Financial reaffirmed a “buy” rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Barclays set a $500.00 target price on CrowdStrike in a research report on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $461.17.

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.