Brookwood Investment Group LLC Takes Position in CrowdStrike (NASDAQ:CRWD)

Key Points

• Brookwood Investment Group LLC acquired a new position in CrowdStrike, buying 2,691 shares valued at approximately $949,000 in the first quarter.
• Several analysts have raised their price targets for CrowdStrike stock, with Goldman Sachs setting a target of $530.00 and Roth Capital raising theirs to $420.00.
• Insiders at CrowdStrike have sold significant amounts of stock recently, with a total of 241,820 shares sold worth approximately $113 million over the last ninety days.

Brookwood Investment Group LLC acquired a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,691 shares of the company's stock, valued at approximately $949,000.

A number of other hedge funds have also recently made changes to their positions in CRWD. Morling Financial Advisors LLC boosted its stake in CrowdStrike by 3.3% in the 1st quarter. Morling Financial Advisors LLC now owns 1,121 shares of the company's stock worth $395,000 after purchasing an additional 36 shares during the period. Princeton Capital Management LLC boosted its stake in CrowdStrike by 0.5% during the first quarter. Princeton Capital Management LLC now owns 36,051 shares of the company's stock valued at $12,711,000 after buying an additional 162 shares during the last quarter. Principle Wealth Partners LLC boosted its position in shares of CrowdStrike by 7.7% during the 1st quarter. Principle Wealth Partners LLC now owns 697 shares of the company's stock valued at $246,000 after acquiring an additional 50 shares during the last quarter. Lifeworks Advisors LLC boosted its position in shares of CrowdStrike by 10.0% during the 1st quarter. Lifeworks Advisors LLC now owns 1,057 shares of the company's stock valued at $373,000 after acquiring an additional 96 shares during the last quarter. Finally, Journey Strategic Wealth LLC bought a new position in CrowdStrike during the first quarter valued at $519,000. Institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Roth Capital raised their price objective on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. The Goldman Sachs Group raised their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research note on Tuesday, June 10th. Truist Financial reissued a "buy" rating and set a $500.00 price target (up from $450.00) on shares of CrowdStrike in a research note 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 price objective for the company. in a report on Friday, June 6th. Finally, Piper Sandler downgraded shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price target for the company. in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $461.17.

Insider Buying and Selling at CrowdStrike

In other news, CAO Anurag Saha sold 1,768 shares of the business's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the completion of the sale, the chief accounting officer directly owned 41,251 shares of the company's stock, valued at approximately $20,286,004.27. The trade was a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 11,527 shares of the company's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the completion of the sale, the president directly owned 410,677 shares of the company's stock, valued at $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 241,820 shares of company stock worth $113,297,985. 3.32% of the stock is owned by insiders.

CrowdStrike Trading Up 1.3%

Shares of NASDAQ CRWD traded up $5.89 during mid-day trading on Friday, reaching $467.92. 1,788,951 shares of the company's stock were exchanged, compared to its average volume of 2,689,736. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market capitalization of $116.63 billion, a price-to-earnings ratio of -678.14 and a beta of 1.16. The company's 50-day moving average is $477.89 and its 200-day moving average is $418.70. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98.

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