Arcadia Investment Management Corp MI Raises Stake in CrowdStrike (NASDAQ:CRWD)

Arcadia Investment Management Corp MI increased its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 4.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,465 shares of the company's stock after acquiring an additional 511 shares during the quarter. 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 also recently added to or reduced their stakes in the business. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike during the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC boosted its stake 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. raised its position in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares in the last quarter. Sound Income Strategies LLC grew its stake in 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 in the last quarter. Finally, Crowley Wealth Management Inc. purchased a new stake in CrowdStrike during the 4th quarter valued at about $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president directly owned 422,204 shares of the company's stock, valued at approximately $201,391,308. This trade represents a 5.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares in the company, valued at $17,306,330.58. The trade was a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 255,821 shares of company stock worth $118,672,681. Insiders own 3.32% of the company's stock.

CrowdStrike Stock Down 1.8%

NASDAQ CRWD traded down $8.66 during trading on Friday, reaching $478.45. 3,377,761 shares of the company's stock were exchanged, compared to its average volume of 4,779,966. The stock has a market cap of $119.25 billion, a P/E ratio of -693.41 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. The company has a 50 day moving average price of $470.20 and a two-hundred day moving average price of $411.03. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted 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 firm had revenue of $1.10 billion for 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 company's revenue was up 19.8% on a year-over-year basis. During the same period last year, the firm posted $0.93 EPS. On average, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CRWD shares. Cantor Fitzgerald upped their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Cfra reaffirmed a "hold" rating and set a $555.00 price objective (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday. DA Davidson upped their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, DZ Bank cut shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price objective for the company. in a research note on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus 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.