Apollon Wealth Management LLC Has $4.71 Million Stake in CrowdStrike (NASDAQ:CRWD)

Apollon Wealth Management LLC boosted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 12.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,363 shares of the company's stock after purchasing an additional 1,462 shares during the period. Apollon Wealth Management LLC's holdings in CrowdStrike were worth $4,711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of CrowdStrike by 20.4% during the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock valued at $447,000 after buying an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC acquired a new stake in CrowdStrike in the fourth quarter valued at $2,166,000. OLD National Bancorp IN bought a new position in CrowdStrike during the 1st quarter valued at $248,000. Bessemer Group Inc. raised its stake in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after buying an additional 98 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. bought a new position in CrowdStrike during the 4th quarter worth approximately $284,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 17,525 shares of the company's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $477.62, for a total transaction of $8,370,290.50. Following the transaction, the chief executive officer owned 2,175,154 shares of the company's stock, valued at approximately $1,038,897,053.48. This represents a 0.80% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total value of $3,202,687.50. Following the transaction, the director directly owned 781,011 shares in the company, valued at $400,213,466.73. This trade represents a 0.79% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 255,294 shares of company stock valued at $118,670,500. Corporate insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Cantor Fitzgerald upped their price target on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Morgan Stanley restated an "equal weight" rating and issued a $495.00 price target (up from $490.00) on shares of CrowdStrike in a research report on Monday. Scotiabank boosted their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research 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 target price on the stock. in a report on Thursday, May 22nd. Finally, Canaccord Genuity Group restated a "hold" rating and set a $475.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $456.60.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $0.62 during trading hours on Thursday, reaching $469.83. The stock had a trading volume of 2,253,633 shares, compared to its average volume of 4,757,926. The company has a market cap of $117.11 billion, a price-to-earnings ratio of -680.91 and a beta of 1.16. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The business's fifty day moving average is $472.41 and its two-hundred day moving average is $413.02. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. As a group, research analysts expect that CrowdStrike will post 0.55 EPS 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.