Asahi Life Asset Management CO. LTD. Acquires New Position in CrowdStrike (NASDAQ:CRWD)

Asahi Life Asset Management CO. LTD. purchased a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,295 shares of the company's stock, valued at approximately $457,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike during the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC grew its position in CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in 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 purchasing an additional 58 shares during the period. Sound Income Strategies LLC raised its stake 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 buying an additional 38 shares during the last quarter. Finally, Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Buying and Selling

In related news, CFO Burt W. Podbere sold 16,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the transaction, the chief financial officer owned 249,653 shares of the company's stock, valued at approximately $109,068,402.64. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Denis Oleary sold 15,680 shares of the business's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the sale, the director directly owned 36,906 shares in the company, valued at approximately $17,306,330.58. The trade was a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 253,221 shares of company stock valued at $117,687,463 over the last three months. Company insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. DA Davidson lifted their price target on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. JMP Securities reaffirmed a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Raymond James Financial reaffirmed 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. Finally, Piper Sandler lowered shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price on the stock. in a research note on Monday, July 7th. Two equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $456.40.

CrowdStrike Trading Down 0.5%

Shares of CRWD stock traded down $2.27 during trading on Monday, hitting $476.18. 3,331,990 shares of the stock traded hands, compared to its average volume of 3,914,461. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The firm has a market capitalization of $118.69 billion, a P/E ratio of -690.12 and a beta of 1.16. The firm's fifty day moving average price is $470.20 and its 200-day moving average price is $411.35. 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 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, research analysts forecast that CrowdStrike will post 0.55 earnings per share 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.