605 Shares in CrowdStrike (NASDAQ:CRWD) Acquired by Csenge Advisory Group

Csenge Advisory Group purchased a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 605 shares of the company's stock, valued at approximately $227,000.

A number of other large investors have also made changes to their positions in the business. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike during the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC raised its holdings in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. raised its holdings in 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 raised its holdings in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after acquiring an additional 38 shares during the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in CrowdStrike in the 4th quarter valued at about $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $471.23 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $117.45 billion, a P/E ratio of -682.94 and a beta of 1.16. The company's 50 day moving average price is $474.54 and its two-hundred day moving average price is $415.76. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98.

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

Analysts Set New Price Targets

CRWD has been the subject of a number of research analyst reports. Macquarie initiated coverage on shares of CrowdStrike in a research report on Thursday, July 17th. They set a "neutral" rating and a $465.00 price objective for the company. Roth Capital upped their price target on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a research report on Thursday, May 22nd. Canaccord Genuity Group reaffirmed a "hold" rating and set a $475.00 price objective (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Stephens lifted their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $460.93.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 11,527 shares of the company's stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the sale, the president directly owned 410,677 shares in the company, valued at $193,511,002.40. This represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the transaction, the director directly owned 81,383 shares in the company, valued at $38,592,632.43. The trade was a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 252,320 shares of company stock valued at $117,592,485. 3.32% of the stock is currently owned by insiders.

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.

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