Advisor Resource Council Takes $2.85 Million Position in CrowdStrike (NASDAQ:CRWD)

Advisor Resource Council bought a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 8,154 shares of the company's stock, valued at approximately $2,851,000.

A number of other institutional investors have also recently modified their holdings of the business. FPC Investment Advisory Inc. increased its position in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after buying an additional 73 shares in the last quarter. Sound Income Strategies LLC raised its stake 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 purchasing an additional 38 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in CrowdStrike in the 4th quarter valued at $34,000. Millstone Evans Group LLC acquired a new stake in CrowdStrike during the 4th quarter worth $34,000. Finally, ST Germain D J Co. Inc. grew its holdings in shares of CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after buying an additional 81 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on CRWD shares. Wells Fargo & Company raised their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Morgan Stanley raised their price target on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. KeyCorp lowered their price objective on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. The Goldman Sachs Group raised their target price on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Finally, Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company's stock. According to MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $453.17.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 2,141 shares of CrowdStrike stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the completion of the transaction, the chief accounting officer now directly owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. The trade was a 5.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the business's 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 transaction, the chief executive officer now owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 201,748 shares of company stock valued at $89,478,971 in the last ninety days. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Down 1.8%

Shares of CRWD stock traded down $8.86 during trading hours on Friday, reaching $476.30. The company had a trading volume of 5,177,773 shares, compared to its average volume of 4,807,187. The company has a market capitalization of $118.72 billion, a P/E ratio of -690.29 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 twelve month low of $200.81 and a twelve month high of $493.20. The stock's fifty day simple moving average is $440.62 and its 200 day simple moving average is $397.05.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $0.93 earnings per share. CrowdStrike's revenue for the quarter was up 19.8% on a year-over-year basis. As a group, sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal 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.