Cambridge Investment Research Advisors Inc. Buys 9,811 Shares of CrowdStrike (NASDAQ:CRWD)

Cambridge Investment Research Advisors Inc. increased its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 8.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,550 shares of the company's stock after buying an additional 9,811 shares during the period. Cambridge Investment Research Advisors Inc. owned 0.05% of CrowdStrike worth $45,324,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. FPC Investment Advisory Inc. raised its position in shares of CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Sound Income Strategies LLC raised its holdings in CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in CrowdStrike in the fourth quarter worth $34,000. Millstone Evans Group LLC bought a new position in shares of CrowdStrike in the 4th quarter worth about $34,000. Finally, ST Germain D J Co. Inc. increased its stake 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 worth $35,000 after acquiring an additional 81 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president now directly owns 422,204 shares in the company, valued at $201,391,308. This represents a 5.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction 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 now owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 201,748 shares of company stock valued at $89,478,971 over the last 90 days. Company insiders own 3.32% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CRWD. Scotiabank increased their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Robert W. Baird reduced their price objective on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. Barclays set a $500.00 price objective on CrowdStrike in a research report on Tuesday, June 3rd. Finally, Stephens raised their price target on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $453.17.

CrowdStrike Trading Down 1.8%

Shares of NASDAQ:CRWD opened at $476.30 on Friday. The stock has a 50 day moving average of $440.62 and a 200 day moving average of $396.83. The company has a market cap of $118.72 billion, a PE ratio of -690.29 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $493.20.

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

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