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

Arcadia Investment Management Corp MI lifted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 4.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,465 shares of the company's stock after purchasing 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.

Several other large investors have also bought and sold shares of CRWD. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike during the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC lifted its stake in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the period. Sound Income Strategies LLC increased its holdings in shares of CrowdStrike by 77.6% during the first 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. bought a new stake in CrowdStrike during the 4th quarter valued at $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CRWD. BMO Capital Markets upped their price target on CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Evercore ISI reiterated an "in-line" rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Cantor Fitzgerald upped their price target on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Piper Sandler downgraded CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price target for the company. in a report on Monday. Finally, JMP Securities restated a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty-seven have issued a buy rating to the company's stock. According to MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average price target of $453.88.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the transaction, the chief financial officer directly owned 249,653 shares of the company's stock, valued at $109,068,402.64. This represents a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the transaction, the director directly owned 18,858 shares in the company, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 255,821 shares of company stock worth $118,672,681 over the last quarter. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD opened at $507.71 on Wednesday. The stock has a market cap of $126.55 billion, a price-to-earnings ratio of -735.81 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The stock's 50-day moving average is $466.64 and its 200 day moving average is $408.35.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly 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 for 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% on a year-over-year basis. During the same period last year, the business earned $0.93 earnings per share. On average, sell-side analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal 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.

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