Transcend Capital Advisors LLC Takes Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Posted by on Jun 25th, 2023

Transcend Capital Advisors LLC bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD – Get Rating) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,860 shares of the company’s stock, valued at approximately $255,000.

Other large investors also recently modified their holdings of the company. Fairfield Bush & CO. bought a new stake in CrowdStrike during the first quarter worth $654,000. MetLife Investment Management LLC bought a new stake in CrowdStrike during the first quarter worth $2,930,000. Yousif Capital Management LLC lifted its holdings in CrowdStrike by 4.3% during the first quarter. Yousif Capital Management LLC now owns 2,934 shares of the company’s stock worth $666,000 after acquiring an additional 120 shares during the period. Raymond James Trust N.A. lifted its holdings in CrowdStrike by 37.3% during the first quarter. Raymond James Trust N.A. now owns 2,830 shares of the company’s stock worth $643,000 after acquiring an additional 769 shares during the period. Finally, Synovus Financial Corp lifted its holdings in CrowdStrike by 14.4% during the first quarter. Synovus Financial Corp now owns 2,930 shares of the company’s stock worth $658,000 after acquiring an additional 369 shares during the period. Institutional investors own 61.40% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 10,551 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $150.48, for a total transaction of $1,587,714.48. Following the completion of the transaction, the president now owns 381,289 shares of the company’s stock, valued at approximately $57,376,368.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other CrowdStrike news, President Michael Sentonas sold 10,551 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $150.48, for a total transaction of $1,587,714.48. Following the transaction, the president now owns 381,289 shares in the company, valued at approximately $57,376,368.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 815 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $150.48, for a total value of $122,641.20. Following the transaction, the chief accounting officer now owns 31,852 shares in the company, valued at approximately $4,793,088.96. The disclosure for this sale can be found here. Insiders sold 94,479 shares of company stock valued at $13,775,178 in the last 90 days. Insiders own 5.68% of the company’s stock.

CrowdStrike Trading Down 1.5 %

NASDAQ CRWD opened at $143.65 on Friday. CrowdStrike Holdings, Inc. has a 1-year low of $92.25 and a 1-year high of $205.73. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.45. The stock has a 50-day moving average of $140.67 and a 200-day moving average of $124.60. The firm has a market cap of $34.06 billion, a PE ratio of -221.00, a price-to-earnings-growth ratio of 89.73 and a beta of 1.02.

CrowdStrike (NASDAQ:CRWD – Get Rating) last released its quarterly earnings results on Wednesday, May 31st. The company reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.13. The business had revenue of $692.58 million during the quarter, compared to analyst estimates of $677.30 million. CrowdStrike had a negative return on equity of 8.76% and a negative net margin of 6.18%. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.06 EPS for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent analyst reports. Rosenblatt Securities initiated coverage on CrowdStrike in a report on Monday, May 1st. They set a “buy” rating and a $170.00 price target on the stock. UBS Group boosted their target price on CrowdStrike from $165.00 to $170.00 in a research note on Thursday, June 1st. The Goldman Sachs Group boosted their target price on CrowdStrike from $159.00 to $167.00 in a research note on Thursday, June 1st. KeyCorp initiated coverage on CrowdStrike in a research note on Wednesday, June 14th. They issued an “overweight” rating and a $200.00 target price on the stock. Finally, Mizuho boosted their target price on CrowdStrike from $175.00 to $180.00 in a research note on Thursday, June 15th. Five investment analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $176.88.

CrowdStrike Company Profile

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CrowdStrike Holdings, Inc provides cloud-delivered protection across endpoints and cloud workloads, identity, and data. It offers corporate workload security, security and vulnerability management, managed security services, IT operations management, threat intelligence services, identity protection, and log management.

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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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