Bridgewater Advisors Inc. Takes $669,000 Position in CrowdStrike (NASDAQ:CRWD)

Bridgewater Advisors Inc. purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,897 shares of the company's stock, valued at approximately $669,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Cloud Capital Management LLC purchased a new position in CrowdStrike during the first quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted 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 valued at $27,000 after acquiring an additional 58 shares during the period. Sound Income Strategies LLC boosted its stake in CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter worth about $34,000. Institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded down $2.83 during mid-day trading on Wednesday, hitting $470.45. 1,979,914 shares of the company's stock traded hands, compared to its average volume of 4,759,123. 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 has a 1 year low of $200.81 and a 1 year high of $517.98. The company's 50-day moving average is $471.45 and its two-hundred day moving average is $412.62. The company has a market capitalization of $117.26 billion, a P/E ratio of -681.81 and a beta of 1.16.

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, beating 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 business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the company earned $0.93 EPS. The company's revenue for the quarter was up 19.8% on a year-over-year basis. On average, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Cantor Fitzgerald lifted their price objective on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. DZ Bank cut CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price on the stock. in a research note on Thursday, May 22nd. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Finally, Raymond James Financial reissued an "outperform" rating and set a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $456.40.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anurag Saha sold 1,768 shares of the firm's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the transaction, the chief accounting officer directly owned 41,251 shares in the company, valued at $20,286,004.27. This represents a 4.11% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 253,221 shares of company stock valued at $117,687,463. Company insiders own 3.32% of the company's stock.

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.