LRI Investments LLC Acquires New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LRI Investments LLC acquired a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 460 shares of the company’s stock, valued at approximately $147,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Counselors Inc. grew its stake in CrowdStrike by 3.9% during the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after purchasing an additional 50 shares in the last quarter. Turtle Creek Wealth Advisors LLC acquired a new position in CrowdStrike during the 4th quarter worth $58,000. Saxony Capital Management LLC acquired a new position in CrowdStrike during the 4th quarter worth $1,756,000. Los Angeles Capital Management LLC grew its stake in CrowdStrike by 5,210.7% during the 4th quarter. Los Angeles Capital Management LLC now owns 124,590 shares of the company’s stock worth $31,810,000 after purchasing an additional 122,244 shares in the last quarter. Finally, BNP Paribas acquired a new position in CrowdStrike during the 1st quarter worth $2,685,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 15,753 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the sale, the chief financial officer now owns 313,994 shares in the company, valued at approximately $95,815,269.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the sale, the director now owns 18,297 shares in the company, valued at $7,136,012.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Burt W. Podbere sold 15,753 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $305.15, for a total value of $4,807,027.95. Following the sale, the chief financial officer now owns 313,994 shares in the company, valued at approximately $95,815,269.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,675 shares of company stock worth $76,931,522. 4.34% of the stock is owned by insiders.

CrowdStrike Price Performance

Shares of CRWD traded up $2.01 on Friday, reaching $256.16. The stock had a trading volume of 9,584,374 shares, compared to its average volume of 10,010,274. The firm has a market capitalization of $62.34 billion, a PE ratio of 483.33, a PEG ratio of 13.09 and a beta of 1.10. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average of $354.16 and a 200 day moving average of $326.36. CrowdStrike Holdings, Inc. has a twelve month low of $140.52 and a twelve month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $921.04 million during 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%. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CRWD shares. Canaccord Genuity Group reissued a “buy” rating and set a $405.00 target price on shares of CrowdStrike in a research note on Monday, July 22nd. DA Davidson lowered their price objective on CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Citigroup lowered their price objective on CrowdStrike from $425.00 to $345.00 and set a “buy” rating for the company in a research report on Wednesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price objective on shares of CrowdStrike in a research report on Friday, June 21st. Finally, JPMorgan Chase & Co. upped their price objective on CrowdStrike from $371.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $359.16.

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.