Freestone Capital Holdings LLC Raises Stake in CrowdStrike $CRWD

Freestone Capital Holdings LLC raised its position in CrowdStrike (NASDAQ:CRWD) by 37.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,911 shares of the company’s stock after acquiring an additional 795 shares during the quarter. Freestone Capital Holdings LLC’s holdings in CrowdStrike were worth $1,026,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in CrowdStrike by 4.1% in the first quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company’s stock worth $8,051,011,000 after acquiring an additional 908,554 shares during the last quarter. Jennison Associates LLC lifted its stake in CrowdStrike by 21.1% in the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after acquiring an additional 1,144,295 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in CrowdStrike by 39.9% in the first quarter. Goldman Sachs Group Inc. now owns 2,665,344 shares of the company’s stock worth $939,747,000 after acquiring an additional 760,222 shares during the last quarter. Invesco Ltd. lifted its stake in CrowdStrike by 16.4% in the first quarter. Invesco Ltd. now owns 2,506,418 shares of the company’s stock worth $883,713,000 after acquiring an additional 352,473 shares during the last quarter. Finally, Northern Trust Corp lifted 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 worth $777,292,000 after acquiring an additional 324,136 shares during the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of CRWD opened at $427.90 on Monday. 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 capitalization of $106.65 billion, a P/E ratio of -620.14 and a beta of 1.13. The company’s fifty day moving average is $472.79 and its two-hundred day moving average is $427.21. CrowdStrike has a 1 year low of $242.25 and a 1 year high of $517.98.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings data 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. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. CrowdStrike’s revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. On average, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other news, President Michael Sentonas sold 25,000 shares of the company’s stock in a transaction on 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 transaction, the president directly 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 SEC, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the company’s stock in a transaction 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 transaction, the director directly owned 18,858 shares in the company, valued at approximately $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 214,414 shares of company stock worth $101,484,738 in the last ninety days. Insiders own 3.32% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CRWD. Truist Financial reiterated a “buy” rating and issued a $500.00 price target (up previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Wells Fargo & Company raised their price objective on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. DZ Bank cut shares of CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 price objective on the stock. in a report on Thursday, May 22nd. Macquarie initiated coverage on shares of CrowdStrike in a report on Thursday, July 17th. They set a “neutral” rating and a $465.00 price objective on the stock. Finally, Roth Capital raised their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. 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 company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $461.17.

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.