Sciencast Management LP Buys New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Sciencast Management LP purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,251 shares of the company’s stock, valued at approximately $1,683,000. CrowdStrike accounts for about 1.0% of Sciencast Management LP’s portfolio, making the stock its 24th biggest position.

Several other institutional investors and hedge funds also recently modified their holdings of CRWD. Townsquare Capital LLC raised its position in shares of CrowdStrike by 11.1% during the 3rd quarter. Townsquare Capital LLC now owns 9,911 shares of the company’s stock worth $1,659,000 after buying an additional 990 shares in the last quarter. Silver Oak Securities Incorporated acquired a new position in shares of CrowdStrike during the third quarter valued at approximately $27,000. Comerica Bank bought a new stake in CrowdStrike during the third quarter worth approximately $5,423,000. Carmignac Gestion lifted its position in CrowdStrike by 18.7% in the third quarter. Carmignac Gestion now owns 302,005 shares of the company’s stock worth $50,550,000 after purchasing an additional 47,548 shares during the period. Finally, Phoenix Holdings Ltd. boosted its stake in CrowdStrike by 26.3% during the 3rd quarter. Phoenix Holdings Ltd. now owns 8,571 shares of the company’s stock valued at $1,434,000 after purchasing an additional 1,783 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Up 0.2 %

NASDAQ:CRWD traded up $0.89 during trading hours on Friday, reaching $371.32. The company’s stock had a trading volume of 2,608,414 shares, compared to its average volume of 4,112,904. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The company has a market cap of $90.36 billion, a price-to-earnings ratio of 700.62, a price-to-earnings-growth ratio of 18.87 and a beta of 1.10. CrowdStrike Holdings, Inc. has a one year low of $140.52 and a one year high of $398.33. The business’s 50-day moving average is $358.34 and its 200-day moving average is $322.36.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a return on equity of 7.39% and a net margin of 4.01%. The company had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, insider Shawn Henry sold 4,000 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares in the company, valued at $64,525,067.19. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other CrowdStrike news, CEO George Kurtz sold 56,279 shares of CrowdStrike stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total value of $17,131,890.39. Following the transaction, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Shawn Henry sold 4,000 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $308.79, for a total value of $1,235,160.00. Following the completion of the sale, the insider now directly owns 208,961 shares of the company’s stock, valued at $64,525,067.19. The disclosure for this sale can be found here. Insiders have sold a total of 219,675 shares of company stock worth $76,681,402 over the last 90 days. Insiders own 4.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on CRWD shares. Royal Bank of Canada reissued an “outperform” rating and issued a $420.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 5th. Piper Sandler downgraded shares of CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price target for the company. in a report on Tuesday, July 2nd. Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 target price on shares of CrowdStrike in a report on Friday, June 21st. Macquarie reissued an “outperform” rating and set a $370.00 target price on shares of CrowdStrike in a research note on Tuesday, March 19th. Finally, FBN Securities raised CrowdStrike to a “strong-buy” rating in a report on Wednesday, June 5th. Two equities research analysts have rated the stock with a hold rating, thirty-six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $382.35.

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.