CrowdStrike (NASDAQ:CRWD) Holdings Lifted by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI raised its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,465 shares of the company's stock after buying an additional 511 shares during the period. Arcadia Investment Management Corp MI's holdings in CrowdStrike were worth $4,395,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Cloud Capital Management LLC acquired a new stake in CrowdStrike in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC lifted its stake in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its stake in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Sound Income Strategies LLC lifted 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. Finally, Crowley Wealth Management Inc. bought a new position in CrowdStrike during the fourth quarter worth $34,000. Institutional investors own 71.16% of the company's stock.

Insider Activity at CrowdStrike

In other news, President Michael Sentonas sold 11,527 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the completion of the sale, the president owned 410,677 shares in the company, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the completion of the transaction, the director owned 781,011 shares of the company's stock, valued at approximately $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 255,821 shares of company stock worth $118,672,681. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Down 5.1%

Shares of CRWD traded down $26.40 during midday trading on Thursday, hitting $487.11. The company had a trading volume of 4,172,086 shares, compared to its average volume of 4,770,246. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market cap of $121.41 billion, a price-to-earnings ratio of -705.96 and a beta of 1.16. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The company's 50 day moving average price is $469.44 and its 200 day moving average price is $409.94.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results 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 in the previous year, the company posted $0.93 earnings per share. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities research analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on CRWD shares. JMP Securities reissued a "market outperform" rating and set a $500.00 price target on shares of CrowdStrike in a research report on Wednesday, June 4th. Raymond James Financial reiterated an "outperform" rating and issued a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Wedbush lifted their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Bank of America reissued a "neutral" rating and issued a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, BMO Capital Markets upped their target price on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $456.29.

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.