Hartline Investment Corp Raises Position in CrowdStrike (NASDAQ:CRWD)

Hartline Investment Corp boosted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,736 shares of the company's stock after buying an additional 517 shares during the period. Hartline Investment Corp's holdings in CrowdStrike were worth $1,670,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in 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 buying an additional 215 shares during the period. Primoris Wealth Advisors LLC acquired a new position in CrowdStrike during the fourth quarter worth approximately $2,166,000. OLD National Bancorp IN acquired a new position in CrowdStrike during the first quarter worth approximately $248,000. Bessemer Group Inc. increased its position in CrowdStrike by 4.6% during the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after buying an additional 98 shares during the period. Finally, Financial Engines Advisors L.L.C. acquired a new position in CrowdStrike during the fourth quarter worth approximately $284,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 11,527 shares of the business's stock in a transaction dated 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 owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Burt W. Podbere sold 10,714 shares of the business's stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $469.49, for a total value of $5,030,115.86. Following the sale, the chief financial officer directly owned 239,008 shares of the company's stock, valued at approximately $112,211,865.92. This trade represents a 4.29% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 249,571 shares of company stock valued at $115,469,993 in the last 90 days. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $17.67 during trading on Friday, reaching $513.77. The company had a trading volume of 2,654,026 shares, compared to its average volume of 4,779,107. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The stock has a market capitalization of $128.06 billion, a PE ratio of -744.59 and a beta of 1.16. The stock has a 50-day moving average price of $463.46 and a two-hundred day moving average price of $405.87. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its 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. 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 analyst estimates of $1.11 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

CRWD has been the topic of several analyst reports. Royal Bank Of Canada lifted their target price on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. DA Davidson lifted their target price on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Morgan Stanley lifted their target price on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Bank of America reiterated a "neutral" rating and issued a $470.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company lifted their target price on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, CrowdStrike 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.