Guidance Capital Inc. Makes New Investment in CrowdStrike (NASDAQ:CRWD)

Guidance Capital Inc. acquired a new position in CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 627 shares of the company's stock, valued at approximately $221,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in CrowdStrike in the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC lifted its stake in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the period. Sound Income Strategies LLC lifted its stake in CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares during the period. Finally, Millstone Evans Group LLC acquired a new position in CrowdStrike in the fourth quarter valued at approximately $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $5.89 during midday trading on Friday, hitting $467.92. The company's stock had a trading volume of 1,788,951 shares, compared to its average volume of 2,689,736. The stock has a fifty day moving average price of $477.89 and a 200 day moving average price of $419.12. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. 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 firm has a market capitalization of $116.63 billion, a price-to-earnings ratio of -678.14 and a beta of 1.16.

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

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. Stifel Nicolaus raised their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report 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 report on Thursday, May 22nd. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Barclays set a $500.00 target price on CrowdStrike in a research report on Tuesday, June 3rd. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $461.17.

Insider Activity

In other news, CAO Anurag Saha sold 1,768 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the sale, the chief accounting officer directly owned 41,251 shares in the company, valued at $20,286,004.27. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, President Michael Sentonas sold 11,527 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $471.20, for a total value of $5,431,522.40. Following the sale, the president owned 410,677 shares in the company, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 241,820 shares of company stock valued at $113,297,985. 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.