Edgestream Partners L.P. Acquires Shares of 2,618 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Edgestream Partners L.P. bought a new position 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 institutional investor bought 2,618 shares of the company’s stock, valued at approximately $839,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Counselors Inc. increased its holdings in CrowdStrike by 3.9% in the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after acquiring an additional 50 shares in the last quarter. Highland Capital Management LLC increased its position in CrowdStrike by 0.6% during the fourth quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares during the last quarter. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of CrowdStrike during the 4th quarter valued at approximately $58,000. Saxony Capital Management LLC purchased a new stake in CrowdStrike in the fourth quarter valued at $1,756,000. Finally, Los Angeles Capital Management LLC lifted its position in CrowdStrike by 5,210.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock valued at $31,810,000 after buying an additional 122,244 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the completion of the transaction, the president now owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CrowdStrike news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $4,086,063.05. Following the sale, the president now directly owns 411,166 shares of the company’s stock, valued at approximately $156,502,114.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,662 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $632,607.06. Following the completion of the transaction, the chief accounting officer now owns 40,645 shares of the company’s stock, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders sold 219,675 shares of company stock valued at $76,931,522 over the last three months. Company insiders own 4.34% of the company’s stock.

CrowdStrike Stock Down 2.7 %

CRWD stock traded down $7.22 during mid-day trading on Wednesday, hitting $261.66. 7,633,162 shares of the company were exchanged, compared to its average volume of 4,919,020. The firm has a market cap of $63.68 billion, a P/E ratio of 498.10, a P/E/G ratio of 13.30 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 1-year low of $140.52 and a 1-year high of $398.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.80 and a current ratio of 1.80. The firm’s 50 day simple moving average is $359.35 and its 200 day simple moving average is $327.01.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $921.04 million for the quarter, compared to analyst estimates of $904.82 million. CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. On average, sell-side analysts predict that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CRWD has been the subject of several research reports. Scotiabank downgraded CrowdStrike from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $393.00 to $300.00 in a research report on Monday. Wedbush dropped their price objective on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 5th. HSBC lowered CrowdStrike from a “buy” rating to a “hold” rating and lowered their price objective for the company from $388.00 to $302.00 in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a research note on Wednesday, May 29th. Finally, JMP Securities reissued a “market outperform” rating and set a $400.00 price target on shares of CrowdStrike in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, thirty-two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.11.

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.