CrowdStrike (NASDAQ:CRWD) Shares Bought by Brookstone Capital Management

Brookstone Capital Management raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 3.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 71,676 shares of the company's stock after acquiring an additional 2,705 shares during the period. Brookstone Capital Management's holdings in CrowdStrike were worth $25,272,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CRWD. E Fund Management Hong Kong Co. Ltd. lifted its position in CrowdStrike by 305.3% in 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 period. Sound Income Strategies LLC increased its position in CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the period. Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after buying an additional 81 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insiders Place Their Bets

In related news, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the transaction, the chief executive officer directly owned 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the transaction, the chief financial officer owned 249,653 shares of the company's stock, valued at approximately $109,068,402.64. This represents a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 249,571 shares of company stock worth $115,469,993. 3.32% of the stock is owned by company insiders.

CrowdStrike Trading Up 3.6%

Shares of CRWD stock traded up $17.67 on Friday, reaching $513.77. 2,654,026 shares of the stock were exchanged, compared to its average volume of 4,779,107. 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 stock has a market cap of $128.06 billion, a P/E ratio of -744.59 and a beta of 1.16. The firm has a 50 day moving average of $461.68 and a two-hundred day moving average of $404.93. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly 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. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter last year, the firm posted $0.93 earnings per share. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, research analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRWD. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. Stifel Nicolaus upped their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Bank of America reiterated a "neutral" rating and issued a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Wells Fargo & Company upped their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Finally, Raymond James Financial reiterated 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. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $453.88.

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.