Avior Wealth Management LLC Raises Stake in CrowdStrike (NASDAQ:CRWD)

Avior Wealth Management LLC increased its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 48.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,689 shares of the company's stock after purchasing an additional 552 shares during the quarter. Avior Wealth Management LLC's holdings in CrowdStrike were worth $595,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CRWD. FPC Investment Advisory Inc. grew its stake in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the period. Sound Income Strategies LLC lifted its holdings 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 acquiring an additional 38 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the 4th quarter valued at $34,000. Millstone Evans Group LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at $34,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after acquiring an additional 81 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Analysts Set New Price Targets

Several research firms recently weighed in on CRWD. Jefferies Financial Group lifted their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Sanford C. Bernstein lowered shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a report on Friday, June 6th. Wedbush lifted their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a report on Tuesday, June 3rd. DA Davidson lifted their target price on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, February 28th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average price target of $453.17.

CrowdStrike Trading Down 1.8%

Shares of NASDAQ CRWD opened at $476.30 on Friday. 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 12 month low of $200.81 and a 12 month high of $493.20. The company has a market cap of $118.72 billion, a price-to-earnings ratio of -690.29 and a beta of 1.16. The business has a fifty day simple moving average of $440.62 and a 200-day simple moving average of $396.83.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company earned $0.93 EPS. The business's revenue for the quarter 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 year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of CrowdStrike stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $371.79, for a total transaction of $796,002.39. Following the transaction, the chief accounting officer now directly owns 34,024 shares in the company, valued at approximately $12,649,782.96. The trade was a 5.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Shawn Henry sold 2,547 shares of the business's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $365.96, for a total transaction of $932,100.12. Following the sale, the insider now directly owns 82,071 shares in the company, valued at approximately $30,034,703.16. This trade represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 201,748 shares of company stock worth $89,478,971. 3.32% of the stock is owned by corporate insiders.

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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