AlphaCore Capital LLC Acquires 4,409 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• AlphaCore Capital LLC significantly increased its stake in CrowdStrike by purchasing an additional 4,409 shares, raising its total to 6,783 shares valued at $2.39 million.
• CrowdStrike's stock has a market capitalization of $105.93 billion, and the company's recent earnings report showed a 19.8% increase in quarterly revenue year-over-year.
• Numerous institutional investors have recently acquired shares in CrowdStrike, resulting in over 71% ownership by institutional investors overall.

AlphaCore Capital LLC lifted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 185.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,783 shares of the company's stock after purchasing an additional 4,409 shares during the quarter. AlphaCore Capital LLC's holdings in CrowdStrike were worth $2,392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FSA Wealth Management LLC raised its holdings in CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after buying an additional 23 shares during the period. Tradewinds Capital Management LLC raised its holdings in CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after buying an additional 25 shares during the period. Close Asset Management Ltd raised its holdings in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after buying an additional 25 shares during the period. Ramirez Asset Management Inc. grew its stake in CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock valued at $159,000 after acquiring an additional 25 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its holdings in shares of CrowdStrike by 0.9% in the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock valued at $1,052,000 after purchasing an additional 26 shares during the period. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $0.51 during trading hours on Friday, reaching $424.49. The stock had a trading volume of 3,626,057 shares, compared to its average volume of 2,718,355. The business's fifty day moving average is $477.04 and its two-hundred day moving average is $425.17. 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 company has a market cap of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. CrowdStrike has a twelve month low of $235.60 and a twelve month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during 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%. CrowdStrike's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.93 earnings per share. As a group, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the transaction, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Michael Sentonas sold 25,000 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the transaction, the president owned 422,204 shares of the company's stock, valued at $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

CRWD has been the topic of a number of research reports. Stifel Nicolaus upped their target price on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Macquarie initiated coverage on CrowdStrike in a report on Thursday, July 17th. They issued a "neutral" rating and a $465.00 target price on the stock. Stephens upped their target price on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Oppenheimer upped their target price on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Mizuho upped their target price on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average price target of $461.17.

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.