538 Shares in CrowdStrike (NASDAQ:CRWD) Acquired by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. acquired a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 538 shares of the company's stock, valued at approximately $190,000.

A number of other hedge funds have also recently made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares during the last quarter. Sound Income Strategies LLC increased its stake in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the period. Crowley Wealth Management Inc. bought a new stake in CrowdStrike in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. grew its holdings in shares of CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after purchasing an additional 81 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction dated Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director directly owned 18,858 shares in the company, valued at $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the sale, the president owned 422,204 shares in the company, valued at $201,391,308. This represents a 5.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 255,821 shares of company stock worth $117,495,993. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Up 3.6%

CrowdStrike stock traded up $17.67 during mid-day trading on Thursday, hitting $513.77. 2,654,026 shares of the company's stock were exchanged, compared to its average volume of 4,779,107. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.61. The stock has a 50 day moving average of $459.69 and a two-hundred day moving average of $404.06. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $128.06 billion, a P/E ratio of -744.59 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. As a group, analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Needham & Company LLC increased their price objective on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Scotiabank raised their target price on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research report on Wednesday, June 4th. Rosenblatt Securities boosted their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. DZ Bank lowered shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective for the company. in a report on Thursday, May 22nd. Finally, Oppenheimer raised their target price on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $453.88.

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.