Moody Lynn & Lieberson LLC Buys 3,812 Shares of CrowdStrike (NASDAQ:CRWD)

Moody Lynn & Lieberson LLC lifted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 266.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,240 shares of the company's stock after acquiring an additional 3,812 shares during the period. Moody Lynn & Lieberson LLC's holdings in CrowdStrike were worth $1,848,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after purchasing an additional 58 shares during the last quarter. Sound Income Strategies LLC raised its position in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in CrowdStrike during the 4th quarter valued at $34,000. Millstone Evans Group LLC purchased a new position in CrowdStrike during the 4th quarter worth $34,000. Finally, ST Germain D J Co. Inc. boosted its holdings in CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Price Performance

CrowdStrike stock traded up $15.91 during midday trading on Thursday, reaching $512.01. 1,990,523 shares of the stock were exchanged, compared to its average volume of 4,763,847. The company's fifty day moving average is $459.69 and its 200-day moving average is $404.06. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.61. The firm has a market cap of $127.62 billion, a PE ratio of -741.81 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released 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 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 analysts' expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business's quarterly revenue was up 19.8% on a year-over-year basis. On average, sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of recent analyst reports. Jefferies Financial Group raised their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Roth Capital increased their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. BTIG Research restated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Finally, Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $453.88.

Insider Transactions at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 11,527 shares of CrowdStrike stock in a transaction that occurred on Monday, June 23rd. The shares were 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 in the company, valued at $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO George Kurtz sold 17,525 shares of CrowdStrike stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $477.62, for a total transaction of $8,370,290.50. Following the sale, the chief executive officer directly owned 2,175,154 shares of the company's stock, valued at $1,038,897,053.48. This represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,821 shares of company stock worth $117,495,993. 3.32% of the stock is owned by insiders.

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.