CrowdStrike (NASDAQ:CRWD) Shares Bought by Ascent Wealth Partners LLC

Ascent Wealth Partners LLC increased its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 51.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,854 shares of the company's stock after acquiring an additional 2,332 shares during the quarter. Ascent Wealth Partners LLC's holdings in CrowdStrike were worth $2,417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CRWD. Brighton Jones LLC boosted its position in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after acquiring an additional 2,417 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in CrowdStrike in the fourth quarter valued at about $254,000. Natixis Advisors LLC lifted its position in CrowdStrike by 19.4% in the fourth quarter. Natixis Advisors LLC now owns 47,504 shares of the company's stock valued at $16,254,000 after buying an additional 7,706 shares during the last quarter. Corient Private Wealth LLC lifted its position in CrowdStrike by 10.5% in the fourth quarter. Corient Private Wealth LLC now owns 30,116 shares of the company's stock valued at $9,634,000 after buying an additional 2,854 shares during the last quarter. Finally, Creative Financial Designs Inc. ADV lifted its position in CrowdStrike by 18.5% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 1,963 shares of the company's stock valued at $672,000 after buying an additional 306 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Up 1.3%

CrowdStrike stock traded up $6.13 during mid-day trading on Friday, hitting $475.96. The company had a trading volume of 2,901,063 shares, compared to its average volume of 4,755,356. The stock has a market cap of $118.63 billion, a price-to-earnings ratio of -689.80 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year 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 has a fifty day moving average of $473.24 and a 200 day moving average of $413.85.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating 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%. The firm's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. On average, sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 11,527 shares of the stock in a transaction 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 completion of the sale, the president directly owned 410,677 shares of the company's stock, valued at $193,511,002.40. This trade represents a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anurag Saha sold 1,768 shares of the stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the sale, the chief accounting officer directly owned 41,251 shares of the company's stock, valued at approximately $20,286,004.27. This represents a 4.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 255,294 shares of company stock valued at $118,670,500. 3.32% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Oppenheimer upped 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. 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 research report on Friday, May 30th. Bank of America reaffirmed a "neutral" rating and issued a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Wedbush upped their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a research report on Friday, June 6th. Two analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $456.60.

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.