Aspetuck Financial Management LLC Takes Position in CrowdStrike (NASDAQ:CRWD)

Aspetuck Financial Management LLC bought a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,122 shares of the company's stock, valued at approximately $396,000.

Other hedge funds also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. boosted its holdings 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 worth $27,000 after buying an additional 58 shares during the period. Sound Income Strategies LLC boosted its holdings in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after buying an additional 38 shares during the period. Crowley Wealth Management Inc. bought a new position in CrowdStrike in the 4th quarter worth $34,000. Millstone Evans Group LLC bought a new position in CrowdStrike in the 4th quarter worth $34,000. Finally, ST Germain D J Co. Inc. boosted its holdings in CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after buying an additional 81 shares during the period. Institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Down 1.2%

CrowdStrike stock traded down $5.89 during midday trading on Friday, reaching $499.33. The stock had a trading volume of 3,464,614 shares, compared to its average volume of 4,782,319. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $506.35. The firm has a market cap of $124.46 billion, a price-to-earnings ratio of -723.67 and a beta of 1.16. The company has a fifty day moving average of $452.08 and a 200 day moving average of $401.81.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company posted $0.93 earnings per share. On average, analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares of the company's stock, valued at approximately $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roxanne S. Austin sold 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director now directly owns 18,858 shares in the company, valued at approximately $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 255,821 shares of company stock valued at $115,966,659. 3.32% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. JMP Securities reissued a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a report on Wednesday, June 4th. Cantor Fitzgerald increased their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Truist Financial reissued a "buy" rating and set a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. KeyCorp dropped their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a report on Wednesday, March 5th. Finally, Wedbush increased their price objective on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.88.

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.