CrowdStrike (NASDAQ:CRWD) Shares Bought by Founders Financial Alliance LLC

Key Points

• Founders Financial Alliance LLC increased its holdings in CrowdStrike by 65.0%, owning a total of 3,921 shares valued at approximately $1,382,000.
• A significant majority of CrowdStrike's stock, 71.16%, is currently owned by institutional investors and hedge funds, indicating strong market confidence in the company.
• CrowdStrike recently reported earnings of $0.73 per share, exceeding analysts' expectations, along with revenue growth of 19.8% year-over-year.

Founders Financial Alliance LLC lifted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 65.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,921 shares of the company's stock after buying an additional 1,545 shares during the quarter. Founders Financial Alliance LLC's holdings in CrowdStrike were worth $1,382,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in CrowdStrike during the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC increased 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 worth $26,000 after buying an additional 40 shares in the last quarter. Vision Financial Markets LLC purchased a new position in CrowdStrike during the first quarter worth $26,000. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares in the last quarter. Finally, Neo Ivy Capital Management purchased a new position in CrowdStrike during the first quarter worth $30,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of CRWD stock traded up $4.23 on Monday, hitting $428.72. 1,385,877 shares of the stock traded hands, compared to its average volume of 3,744,488. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $106.86 billion, a price-to-earnings ratio of -620.82 and a beta of 1.13. The firm has a 50 day simple moving average of $477.04 and a two-hundred day simple moving average of $425.84. CrowdStrike has a 52 week low of $235.60 and a 52 week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data 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. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the previous year, the company earned $0.93 EPS. The firm's quarterly revenue was up 19.8% on a year-over-year basis. As a group, equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other news, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the sale, the president directly owned 422,204 shares of the company's stock, valued at $201,391,308. This represents a 5.59% 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, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the sale, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. This trade represents a 4.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 214,414 shares of company stock worth $101,484,738 in the last three months. 3.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Sanford C. Bernstein downgraded CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target for the company. in a research report on Friday, June 6th. Raymond James Financial reaffirmed an "outperform" rating and issued a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Stephens lifted their price objective on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Royal Bank Of Canada lifted their price objective on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler downgraded CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price target for the company. in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $461.17.

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.