Entropy Technologies LP Has $5.35 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Entropy Technologies LP boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 142.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 16,683 shares of the company’s stock after purchasing an additional 9,815 shares during the period. CrowdStrike comprises 0.6% of Entropy Technologies LP’s holdings, making the stock its 24th largest position. Entropy Technologies LP’s holdings in CrowdStrike were worth $5,348,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CRWD. CVA Family Office LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $26,000. Hexagon Capital Partners LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $26,000. Bear Mountain Capital Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at about $27,000. Trivant Custom Portfolio Group LLC acquired a new stake in CrowdStrike in the 1st quarter valued at about $30,000. Finally, Johnson Financial Group Inc. acquired a new stake in CrowdStrike in the 4th quarter valued at about $31,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CRWD. DA Davidson cut their price objective on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. JPMorgan Chase & Co. raised their price objective on shares of CrowdStrike from $371.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 29th. Piper Sandler downgraded shares of CrowdStrike from an “overweight” rating to a “neutral” rating and set a $400.00 price objective for the company. in a research report on Tuesday, July 2nd. FBN Securities upgraded shares of CrowdStrike to a “strong-buy” rating in a research report on Wednesday, June 5th. Finally, Morgan Stanley raised their price objective on shares of CrowdStrike from $372.00 to $422.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 28th. Two research analysts have rated the stock with a hold rating, thirty-six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $381.81.

CrowdStrike Price Performance

CrowdStrike stock traded down $14.11 during mid-day trading on Wednesday, reaching $354.94. The company had a trading volume of 3,496,467 shares, compared to its average volume of 4,092,955. CrowdStrike Holdings, Inc. has a fifty-two week low of $140.52 and a fifty-two week high of $398.33. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 0.29. The company has a market cap of $86.38 billion, a P/E ratio of 669.71, a P/E/G ratio of 19.02 and a beta of 1.10. The business has a fifty day simple moving average of $361.49 and a 200 day simple moving average of $325.14.

CrowdStrike (NASDAQ:CRWD) last issued its 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). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The company had revenue of $921.04 million during the quarter, compared to analyst estimates of $904.82 million. On average, equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.9 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CFO Burt W. Podbere sold 15,753 shares of CrowdStrike stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the transaction, the chief financial officer now owns 313,994 shares in the company, valued at $95,815,269.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, President Michael Sentonas sold 10,735 shares of the business’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $380.63, for a total value of $4,086,063.05. Following the transaction, the president now owns 411,166 shares in the company, valued at $156,502,114.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Burt W. Podbere sold 15,753 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $305.15, for a total transaction of $4,807,027.95. Following the completion of the transaction, 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. Insiders have sold 219,675 shares of company stock worth $76,931,522 over the last quarter. Corporate insiders own 4.34% of the company’s stock.

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.