Portland Global Advisors LLC Acquires 1,133 Shares of CrowdStrike (NASDAQ:CRWD)

Portland Global Advisors LLC grew its holdings in CrowdStrike (NASDAQ:CRWD) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,084 shares of the company’s stock after acquiring an additional 1,133 shares during the period. CrowdStrike comprises about 1.2% of Portland Global Advisors LLC’s investment portfolio, making the stock its 22nd biggest position. Portland Global Advisors LLC’s holdings in CrowdStrike were worth $9,902,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Jennison Associates LLC grew its position in shares of CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock valued at $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. GAMMA Investing LLC grew its holdings in CrowdStrike by 50,536.2% during the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock valued at $383,132,000 after buying an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC increased its stake in CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after acquiring an additional 1,017,678 shares during the last quarter. Voya Investment Management LLC raised its holdings in shares of CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock worth $657,106,000 after acquiring an additional 582,471 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of CrowdStrike during the 1st quarter worth approximately $188,050,000. Institutional investors own 71.16% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CRWD. BMO Capital Markets raised their target price on shares of CrowdStrike from $405.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Mizuho lifted their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 4th. DA Davidson upped their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a research report on Wednesday, June 4th. BTIG Research reaffirmed a “buy” rating on shares of CrowdStrike in a report on Thursday, May 22nd. Finally, Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $461.17.

Insider Buying and Selling at CrowdStrike

In related news, Director Roxanne S. Austin sold 9,447 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the sale, the director owned 18,858 shares of the company’s stock, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total value of $3,202,687.50. Following the completion of the transaction, the director owned 781,011 shares in the company, valued at $400,213,466.73. This trade represents a 0.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 241,820 shares of company stock worth $113,297,985. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Up 1.3%

Shares of CrowdStrike stock opened at $467.92 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $116.63 billion, a price-to-earnings ratio of -678.14 and a beta of 1.16. The firm’s 50-day moving average is $477.89 and its two-hundred day moving average is $419.54. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98.

CrowdStrike (NASDAQ:CRWD) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion during 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%. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. As a group, research analysts expect that CrowdStrike will post 0.55 earnings per share 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.