Matauro LLC Takes $755,000 Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Matauro LLC acquired a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 2,141 shares of the company’s stock, valued at approximately $755,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $1,111,542,000. GAMMA Investing LLC increased 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 worth $383,132,000 after purchasing an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC increased its holdings in CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock worth $440,116,000 after purchasing an additional 1,017,678 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of CrowdStrike in the fourth quarter valued at approximately $237,375,000. Finally, Voya Investment Management LLC grew its holdings in shares of CrowdStrike by 43.5% in 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 in the last quarter. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $480.62 on Friday. The company has a market capitalization of $119.13 billion, a price-to-earnings ratio of 942.41, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $491.20. The firm’s 50-day moving average is $428.81 and its 200 day moving average is $391.91. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike (NASDAQ:CRWD) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The company’s revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. Research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 13,543 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $4,856,790.66. Following the completion of the sale, the president now directly owns 405,308 shares in the company, valued at $145,351,554.96. This trade represents a 3.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the transaction, the insider now directly owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This represents a 4.78% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 252,361 shares of company stock worth $106,359,058. Corporate insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Guggenheim restated a “neutral” rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Sanford C. Bernstein cut CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 target price on the stock. in a research note on Friday, June 6th. Needham & Company LLC increased their target price on CrowdStrike from $420.00 to $530.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Piper Sandler raised their price objective on CrowdStrike from $400.00 to $505.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Finally, Stephens increased their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of “Moderate Buy” and an average price target of $453.17.

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.