Arcadia Investment Management Corp MI Has $4.40 Million Holdings in CrowdStrike (NASDAQ:CRWD)

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

A number of other hedge funds have also made changes to their positions in CRWD. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the 1st quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC lifted its position in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Sound Income Strategies LLC increased its holdings in shares of CrowdStrike by 77.6% during the 1st 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 last quarter. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction dated 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 in the company, valued at $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer directly owned 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock valued at $118,672,681 in the last 90 days. Corporate insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on CRWD shares. Needham & Company LLC boosted their price objective on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Roth Capital lifted their price objective on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. JMP Securities restated a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a research note on Wednesday, June 4th. Canaccord Genuity Group reiterated a "hold" rating and set a $475.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Morgan Stanley raised their price objective on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Two equities research 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. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $456.29.

CrowdStrike Stock Down 1.8%

Shares of CRWD traded down $8.66 on Friday, hitting $478.45. The company's stock had a trading volume of 3,377,761 shares, compared to its average volume of 4,764,701. The firm's fifty day moving average price is $469.44 and its 200-day moving average price is $409.94. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. 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 firm has a market capitalization of $119.25 billion, a price-to-earnings ratio of -693.41 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 earnings per share. On average, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

About CrowdStrike

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.