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Choreo LLC Purchases 811 Shares of CrowdStrike (NASDAQ:CRWD)

CrowdStrike logo with Computer and Technology background

Choreo LLC increased its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 10.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,895 shares of the company's stock after buying an additional 811 shares during the quarter. Choreo LLC's holdings in CrowdStrike were worth $3,136,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike during the 1st quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC raised 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 valued at $26,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Sound Income Strategies LLC increased its stake in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the last quarter. Finally, ST Germain D J Co. Inc. raised its holdings in shares of CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after purchasing an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CRWD shares. The Goldman Sachs Group upped their price objective on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Stifel Nicolaus boosted their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada increased their price target on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One 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. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

Get Our Latest Analysis on CrowdStrike

CrowdStrike Trading Up 1.3%

NASDAQ:CRWD traded up $5.89 during trading hours on Friday, hitting $467.92. 1,788,951 shares of the stock were exchanged, compared to its average volume of 2,689,736. The company has a market capitalization of $116.63 billion, a P/E ratio of -678.14 and a beta of 1.16. 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 company's 50 day moving average is $477.89 and its two-hundred day moving average is $419.12. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion for 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%. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 earnings per share. On average, sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director owned 18,858 shares in the company, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Johanna Flower sold 2,073 shares of the stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total value of $983,037.33. Following the completion of the transaction, the director directly owned 81,383 shares in the company, valued at approximately $38,592,632.43. This trade represents a 2.48% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 241,820 shares of company stock worth $113,297,985 over the last 90 days. Insiders own 3.32% of the company's stock.

CrowdStrike Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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