Cooper Financial Group Purchases 960 Shares of CrowdStrike (NASDAQ:CRWD)

Cooper Financial Group lifted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 40.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,316 shares of the company's stock after buying an additional 960 shares during the period. Cooper Financial Group's holdings in CrowdStrike were worth $1,169,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC bought a new stake in shares of CrowdStrike in the first quarter valued at about $25,000. Vision Financial Markets LLC bought a new stake in shares of CrowdStrike in the first quarter valued at about $26,000. Atlantic Edge Private Wealth Management LLC lifted its stake in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the period. Finally, Neo Ivy Capital Management bought a new stake in shares of CrowdStrike in the first quarter valued at about $30,000. Institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Scotiabank increased their target price on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research note on Wednesday, June 4th. Macquarie started coverage on shares of CrowdStrike in a research note on Thursday, July 17th. They set a "neutral" rating and a $465.00 price target for the company. Cfra restated a "hold" rating and set a $555.00 price target (up previously from $517.00) on shares of CrowdStrike in a research note on Thursday, July 10th. Susquehanna raised their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Finally, BMO Capital Markets raised their price target on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $461.17.

Insider Activity

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike 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 of the company's stock, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, August 1st. The stock was sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the sale, the director directly owned 774,761 shares of the company's stock, valued at $346,387,895.49. This represents a 0.80% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 214,414 shares of company stock worth $101,484,738. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

CRWD opened at $424.49 on Monday. The company has a fifty day moving average price of $477.04 and a two-hundred day moving average price of $425.84. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 52 week low of $235.60 and a 52 week high of $517.98. The firm has a market capitalization of $105.80 billion, a PE ratio of -615.20 and a beta of 1.13.

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

About CrowdStrike

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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