Adell Harriman & Carpenter Inc. Boosts Holdings in CrowdStrike (NASDAQ:CRWD)

Adell Harriman & Carpenter Inc. lifted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 2.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,072 shares of the company's stock after buying an additional 1,020 shares during the period. CrowdStrike makes up approximately 1.0% of Adell Harriman & Carpenter Inc.'s investment portfolio, making the stock its 27th biggest holding. Adell Harriman & Carpenter Inc.'s holdings in CrowdStrike were worth $13,071,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CRWD. Blue Trust Inc. raised its holdings in shares of CrowdStrike by 20.4% during the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after purchasing an additional 215 shares during the last quarter. Primoris Wealth Advisors LLC purchased a new position in CrowdStrike in the fourth quarter valued at $2,166,000. OLD National Bancorp IN purchased a new position in CrowdStrike in the first quarter valued at $248,000. Bessemer Group Inc. increased its holdings in CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock valued at $783,000 after buying an additional 98 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. purchased a new position in CrowdStrike in the fourth quarter valued at $284,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction that occurred 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 sale, the director directly owned 18,858 shares of the company's stock, valued at $9,667,553.70. This represents a 33.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Michael Sentonas sold 11,527 shares of the company's 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 $5,431,522.40. Following the sale, the president directly owned 410,677 shares in the company, valued at approximately $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,571 shares of company stock worth $115,469,993 over the last 90 days. Company insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 0.4%

Shares of CRWD stock traded up $2.25 during trading hours on Tuesday, hitting $507.71. The company had a trading volume of 2,140,145 shares, compared to its average volume of 3,936,944. The company's fifty day moving average is $465.11 and its 200 day moving average is $407.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The stock has a market capitalization of $126.55 billion, a PE ratio of -735.81 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the business posted $0.93 EPS. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. Research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on CRWD. Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 price objective (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Roth Capital lifted their target price on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. JMP Securities reiterated a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Finally, Oppenheimer lifted their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $453.88.

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.