Aveo Capital Partners LLC Takes Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• Aveo Capital Partners LLC acquired 646 shares of CrowdStrike (NASDAQ:CRWD) valued at approximately $228,000 during the first quarter.
• Insider selling has occurred recently, with Director Johanna Flower and Director Roxanne S. Austin selling significant portions of their holdings, resulting in a total insider sale of $101.48 million worth of shares in the last 90 days.
• CrowdStrike's recent earnings showed a 19.8% year-over-year revenue increase and an EPS of $0.73, surpassing analysts' expectations of $0.66.

Aveo Capital Partners LLC purchased a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 646 shares of the company's stock, valued at approximately $228,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the last quarter. Vision Financial Markets LLC purchased a new stake in shares of CrowdStrike during the first quarter valued at $26,000. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of 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 purchasing an additional 58 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of CrowdStrike during the first quarter valued at $30,000. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Up 2.2%

Shares of CrowdStrike stock traded up $9.37 during trading on Tuesday, reaching $435.80. The stock had a trading volume of 2,310,911 shares, compared to its average volume of 2,689,986. The company has a market capitalization of $108.62 billion, a price-to-earnings ratio of -631.59 and a beta of 1.13. The stock has a fifty day moving average price of $474.93 and a two-hundred day moving average price of $426.26. CrowdStrike has a 52 week low of $240.01 and a 52 week high of $517.98. 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 (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. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.93 earnings per share. The company's quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CRWD. UBS Group reissued a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Stifel Nicolaus upped their price target on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Raymond James Financial reissued an "outperform" rating and set a $485.00 price target (up from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Susquehanna upped their price target on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group upped their price target on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $461.17.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total value of $983,037.33. Following the sale, the director owned 81,383 shares in the company, valued at $38,592,632.43. This represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO George Kurtz sold 42,267 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the sale, the chief executive officer owned 2,132,887 shares in the company, valued at $960,801,606.89. This represents a 1.94% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 214,414 shares of company stock valued at $101,484,738 in the last ninety days. Insiders own 3.32% of the company's stock.

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.