9,289 Shares in CrowdStrike (NASDAQ:CRWD) Acquired by CloudAlpha Capital Management Limited Hong Kong

Key Points

• CloudAlpha Capital Management Limited acquired 9,289 shares of CrowdStrike (NASDAQ:CRWD), valued at approximately $3,275,000, during the first quarter.
• CrowdStrike reported $0.73 earnings per share (EPS) in its recent quarterly earnings, surpassing the consensus estimate of $0.66, but had a negative net margin of 4.17%.
• Research firms have mixed views on CrowdStrike, with DZ Bank downgrading it to a "strong sell" and The Goldman Sachs Group raising its price target to $530.00 while maintaining a "buy" rating.

CloudAlpha Capital Management Limited Hong Kong acquired a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,289 shares of the company's stock, valued at approximately $3,275,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRWD. Cloud Capital Management LLC acquired a new position in CrowdStrike in the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC grew 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 acquiring an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. grew 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 acquiring an additional 58 shares during the period. Neo Ivy Capital Management acquired a new position in CrowdStrike in the first quarter valued at about $30,000. Finally, Sound Income Strategies LLC grew 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 acquiring an additional 38 shares during the period. Institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRWD. Royal Bank Of Canada boosted their target price on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. DA Davidson boosted their target price on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Macquarie began coverage on CrowdStrike in a research note on Thursday, July 17th. They issued a "neutral" rating and a $465.00 target price for the company. Evercore ISI reissued an "in-line" rating and issued a $440.00 target price (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Needham & Company LLC upped their price objective on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the president owned 422,204 shares in the company, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the sale, the chief executive officer directly owned 2,192,610 shares in the company, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 241,820 shares of company stock valued at $113,297,985 in the last 90 days. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded up $5.89 during trading hours on Friday, reaching $467.92. 1,788,951 shares of the stock were exchanged, compared to its average volume of 2,689,736. The firm has a market capitalization of $116.63 billion, a price-to-earnings ratio of -678.14 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The stock's fifty day simple moving average is $477.89 and its 200 day simple moving average is $418.70.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping 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 positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. Sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current year.

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.