CFM Wealth Partners LLC Grows Stock Position in CrowdStrike (NASDAQ:CRWD)

CFM Wealth Partners LLC boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 14.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,639 shares of the company's stock after purchasing an additional 1,206 shares during the quarter. CFM Wealth Partners LLC's holdings in CrowdStrike were worth $3,399,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after acquiring an additional 2,417 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in shares of CrowdStrike during the 4th quarter worth $649,000. Whipplewood Advisors LLC acquired a new position in shares of CrowdStrike during the fourth quarter worth $53,000. Parkside Financial Bank & Trust increased its holdings in CrowdStrike by 10.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 752 shares of the company's stock valued at $257,000 after buying an additional 69 shares during the last quarter. Finally, SVB Wealth LLC acquired a new stake in CrowdStrike in the fourth quarter valued at $1,346,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 2,227 shares of CrowdStrike stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total transaction of $1,049,362.40. Following the completion of the transaction, the chief accounting officer now directly owns 43,019 shares in the company, valued at $20,270,552.80. The trade was a 4.92% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the company's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the sale, the director now directly owns 18,858 shares in the company, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 255,821 shares of company stock valued at $115,966,659. Insiders own 3.32% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CRWD. Morgan Stanley upped their price objective on CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Susquehanna increased their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research note on Wednesday, June 4th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Cantor Fitzgerald upped their target price on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.88.

CrowdStrike Trading Down 1.2%

Shares of CRWD opened at $499.33 on Friday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $506.35. 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 capitalization of $124.46 billion, a P/E ratio of -723.67 and a beta of 1.16. The firm's 50-day moving average is $452.08 and its two-hundred day moving average is $401.56.

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