Aviance Capital Partners LLC Invests $3.01 Million in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Aviance Capital Partners LLC acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,400 shares of the company’s stock, valued at approximately $3,014,000.

Other large investors also recently made changes to their positions in the company. Morgan Stanley grew its holdings in CrowdStrike by 124.4% during the 3rd quarter. Morgan Stanley now owns 4,973,809 shares of the company’s stock valued at $832,516,000 after purchasing an additional 2,757,251 shares in the last quarter. Norges Bank acquired a new stake in CrowdStrike during the 4th quarter valued at $683,336,000. Pathstone Holdings LLC acquired a new stake in CrowdStrike during the 4th quarter valued at $450,418,000. Jennison Associates LLC grew its holdings in CrowdStrike by 33.2% during the 4th quarter. Jennison Associates LLC now owns 6,340,819 shares of the company’s stock valued at $1,618,938,000 after purchasing an additional 1,581,796 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in CrowdStrike by 7.0% during the 4th quarter. Vanguard Group Inc. now owns 15,746,120 shares of the company’s stock valued at $4,020,299,000 after purchasing an additional 1,028,405 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the transaction, the director now owns 18,297 shares of the company’s stock, valued at approximately $7,136,012.97. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Roxanne S. Austin sold 10,000 shares of the firm’s stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $390.01, for a total transaction of $3,900,100.00. Following the completion of the transaction, the director now owns 18,297 shares in the company, valued at approximately $7,136,012.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO George Kurtz sold 56,279 shares of the firm’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the transaction, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at approximately $348,868,471.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,675 shares of company stock valued at $75,730,552. Company insiders own 4.34% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock traded down $2.17 during trading hours on Monday, hitting $381.02. 488,981 shares of the company traded hands, compared to its average volume of 4,163,211. The firm has a market cap of $92.73 billion, a P/E ratio of 726.57, a P/E/G ratio of 19.31 and a beta of 1.08. 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’s 50-day simple moving average is $341.55 and its two-hundred day simple moving average is $314.36. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $394.64.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 4th. The company reported $0.20 EPS for the quarter, missing the consensus estimate 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 net margin of 4.01% and a return on equity of 7.39%. As a group, analysts forecast that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Robert W. Baird raised their price target on shares of CrowdStrike from $281.00 to $350.00 and gave the company an “outperform” rating in a report on Wednesday, March 6th. Wedbush lowered their price target on shares of CrowdStrike from $390.00 to $385.00 and set an “outperform” rating for the company in a report on Wednesday, June 5th. Macquarie reiterated an “outperform” rating and set a $370.00 price objective on shares of CrowdStrike in a research note on Tuesday, March 19th. Oppenheimer increased their price objective on shares of CrowdStrike from $355.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, June 5th. Finally, Evercore ISI increased their price objective on shares of CrowdStrike from $255.00 to $405.00 and gave the company an “outperform” rating in a research note on Wednesday, March 6th. One equities research analyst has rated the stock with a hold rating, thirty-seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $380.62.

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.