832 Shares in CrowdStrike (NASDAQ:CRWD) Purchased by Root Financial Partners LLC

Root Financial Partners LLC bought a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 832 shares of the company's stock, valued at approximately $293,000.

A number of other large investors also recently added to or reduced their stakes in CRWD. E Fund Management Hong Kong Co. Ltd. raised its position in shares of CrowdStrike by 305.3% during 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 last quarter. Sound Income Strategies LLC grew its stake in CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after acquiring an additional 38 shares in the last quarter. Crowley Wealth Management Inc. bought a new stake in CrowdStrike in the 4th quarter valued at $34,000. Millstone Evans Group LLC bought a new stake in CrowdStrike in the 4th quarter valued at $34,000. Finally, ST Germain D J Co. Inc. lifted its stake in CrowdStrike by 426.3% in the 1st 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 in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 1,768 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total transaction of $869,449.36. Following the transaction, the chief accounting officer now directly owns 41,251 shares in the company, valued at $20,286,004.27. This represents a 4.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the transaction, the director now directly owns 62,891 shares in the company, valued at $22,613,716.87. This trade represents a 13.72% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 255,821 shares of company stock worth $115,966,659. 3.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CRWD shares. Stephens raised their price objective on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. BTIG Research restated a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Mizuho lifted their price objective on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Piper Sandler increased their target price on CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Evercore ISI reissued an "in-line" rating and issued a $440.00 target price (down from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $453.88.

CrowdStrike Price Performance

CrowdStrike stock opened at $499.33 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $124.46 billion, a price-to-earnings ratio of -723.67 and a beta of 1.16. The firm has a 50-day moving average of $452.08 and a two-hundred day moving average of $401.81. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $506.35.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted 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 negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm 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 earnings per share for the current year.

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.

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