Foundations Investment Advisors LLC Grows Stake in CrowdStrike (NASDAQ:CRWD)

Foundations Investment Advisors LLC boosted its position in CrowdStrike (NASDAQ:CRWD) by 8.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 5,485 shares of the company’s stock after buying an additional 432 shares during the period. Foundations Investment Advisors LLC’s holdings in CrowdStrike were worth $1,934,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CRWD. Jennison Associates LLC grew its position in shares of CrowdStrike by 21.1% in 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 during the period. GAMMA Investing LLC grew its position in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock valued at $383,132,000 after acquiring an additional 1,084,506 shares during the period. Pathstone Holdings LLC grew its position in CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after acquiring an additional 1,017,678 shares during the period. Voya Investment Management LLC grew its position in CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock valued at $657,106,000 after acquiring an additional 582,471 shares during the period. Finally, Massachusetts Financial Services Co. MA purchased a new stake in shares of CrowdStrike in the first quarter worth about $188,050,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

CrowdStrike Price Performance

CrowdStrike stock opened at $465.51 on Wednesday. The company has a market capitalization of $116.03 billion, a PE ratio of -674.65 and a beta of 1.16. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. The business has a 50 day simple moving average of $478.91 and a 200 day simple moving average of $420.72. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business earned $0.93 EPS. The business’s revenue for the quarter was up 19.8% compared to the same quarter last year. On average, sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently commented on CRWD. Barclays set a $500.00 price target on CrowdStrike in a report on Tuesday, June 3rd. Bank of America reaffirmed a “neutral” rating and set a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Sanford C. Bernstein downgraded CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 target price on the stock. in a report on Friday, June 6th. Morgan Stanley reissued an “equal weight” rating and issued a $495.00 price target (up previously from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. Finally, BMO Capital Markets raised their price target on CrowdStrike from $405.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. One 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’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $461.17.

Insider Activity

In other news, Director Denis Oleary sold 15,680 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total value of $7,352,822.40. Following the transaction, the director owned 36,906 shares of the company’s stock, valued at $17,306,330.58. This represents a 29.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Burt W. Podbere sold 16,000 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the transaction, the chief financial officer directly owned 249,653 shares in the company, valued at approximately $109,068,402.64. This trade represents a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 241,820 shares of company stock worth $113,297,985. 3.32% of the stock is owned by company insiders.

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.