Calton & Associates Inc. Invests $1.63 Million in CrowdStrike (NASDAQ:CRWD)

Calton & Associates Inc. acquired a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 4,615 shares of the company's stock, valued at approximately $1,627,000.

A number of other hedge funds also recently added to or reduced their stakes in CRWD. Cloud Capital Management LLC purchased a new position in CrowdStrike in the 1st quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC increased its position in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter valued at $34,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value 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. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Denis Oleary sold 15,680 shares of CrowdStrike stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares in the company, valued at approximately $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 255,294 shares of company stock valued at $118,670,500. 3.32% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Royal Bank Of Canada lifted their price objective on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley reiterated an "equal weight" rating and issued a $495.00 target price (up previously from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. Susquehanna boosted their price objective on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research note on Thursday, June 5th. Finally, Barclays set a $500.00 price objective on CrowdStrike in a research note on Tuesday, June 3rd. One analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $460.93.

CrowdStrike Stock Up 1.3%

NASDAQ:CRWD traded up $6.13 during trading hours on Friday, hitting $475.96. 2,901,063 shares of the stock traded hands, compared to its average volume of 4,606,016. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a market cap of $118.63 billion, a price-to-earnings ratio of -689.80 and a beta of 1.16. The firm has a 50 day moving average price of $474.54 and a 200 day moving average price of $415.28.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations 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 was up 19.8% on a year-over-year basis. During the same quarter last year, the company earned $0.93 earnings per share. Equities research analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

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.