576 Shares in CrowdStrike (NASDAQ:CRWD) Bought by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 576 shares of the company's stock, valued at approximately $203,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CRWD. FSA Wealth Management LLC increased its position in shares of CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares in the last quarter. Tradewinds Capital Management LLC increased its position in shares of CrowdStrike by 20.8% during the first quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in shares of CrowdStrike by 1.4% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares in the last quarter. Wintrust Investments LLC increased its position in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC increased its position in shares of CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Up 3.6%

CRWD stock traded up $17.67 during midday trading on Friday, reaching $513.77. The company's stock had a trading volume of 2,654,026 shares, compared to its average volume of 4,790,634. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. 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 business's 50-day simple moving average is $463.46 and its 200-day simple moving average is $406.27. The stock has a market cap of $128.06 billion, a PE ratio of -744.59 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion for 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%. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.93 EPS. As a group, sell-side analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 17,525 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $477.62, for a total value of $8,370,290.50. Following the completion of the transaction, the chief executive officer owned 2,175,154 shares of the company's stock, valued at $1,038,897,053.48. This represents a 0.80% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,768 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the transaction, 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 249,571 shares of company stock worth $115,469,993. Company insiders own 3.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. The Goldman Sachs Group upped their target price on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Susquehanna upped their target price on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Finally, Roth Capital upped their target price on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus 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.