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

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

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares during the period. Renaissance Technologies LLC acquired a new position in CrowdStrike in the fourth quarter valued at about $17,416,000. Bessemer Group Inc. lifted its position in CrowdStrike by 98.8% in the fourth quarter. Bessemer Group Inc. now owns 2,123 shares of the company's stock valued at $726,000 after buying an additional 1,055 shares during the last quarter. Scotia Capital Inc. lifted its position in CrowdStrike by 8.0% in the fourth quarter. Scotia Capital Inc. now owns 56,460 shares of the company's stock valued at $19,319,000 after buying an additional 4,201 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its position in CrowdStrike by 2.1% in the fourth quarter. Treasurer of the State of North Carolina now owns 101,233 shares of the company's stock valued at $34,638,000 after buying an additional 2,080 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. Stephens upped their target price on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. 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. Rosenblatt Securities upped their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Finally, Morgan Stanley reissued an "equal weight" rating and set a $495.00 price target (up previously from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

CrowdStrike Price Performance

Shares of NASDAQ CRWD opened at $425.00 on Friday. 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 stock has a fifty day moving average price of $477.87 and a 200 day moving average price of $424.77. CrowdStrike has a 1-year low of $229.72 and a 1-year high of $517.98. The company has a market cap of $105.93 billion, a PE ratio of -615.94 and a beta of 1.13.

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

Insider Buying and Selling

In other CrowdStrike news, CEO George Kurtz sold 42,267 shares of the firm's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $450.47, for a total value of $19,040,015.49. Following the completion of the sale, the chief executive officer owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This trade represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the firm's stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 214,414 shares of company stock valued at $101,484,738 in the last quarter. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.