25,891 Shares in CrowdStrike (NASDAQ:CRWD) Bought by BOCHK Asset Management Ltd

BOCHK Asset Management Ltd bought a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 25,891 shares of the company's stock, valued at approximately $9,129,000. CrowdStrike accounts for about 5.1% of BOCHK Asset Management Ltd's holdings, making the stock its 10th largest holding.

Other hedge funds and other institutional investors have also modified their holdings of the company. FSA Wealth Management LLC raised its stake in CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares in the last quarter. Tradewinds Capital Management LLC raised its position in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after buying an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC raised its position in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after buying an additional 27 shares in the last quarter. Wintrust Investments LLC raised its position in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after buying an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC raised its position in shares of CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock valued at $265,000 after buying an additional 30 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer owned 2,192,610 shares in the company, valued at $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Michael Sentonas sold 25,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the sale, the president directly owned 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 249,571 shares of company stock valued at $115,469,993. 3.32% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on CRWD. Scotiabank boosted their target price on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada lifted their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. The Goldman Sachs Group lifted their price target on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Evercore ISI reaffirmed an "in-line" rating and set a $440.00 price target (down from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and set a $475.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $453.88.

CrowdStrike Stock Up 0.4%

CRWD traded up $2.25 during trading on Tuesday, hitting $507.71. 2,141,225 shares of the company's stock were exchanged, compared to its average volume of 4,781,215. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $465.11 and its two-hundred day moving average is $407.66. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The stock has a market cap of $126.55 billion, a P/E ratio of -735.81 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. As a group, equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

About CrowdStrike

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.