Proactive Wealth Strategies LLC Purchases 630 Shares of CrowdStrike (NASDAQ:CRWD)

Proactive Wealth Strategies LLC boosted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 27.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,894 shares of the company's stock after buying an additional 630 shares during the quarter. Proactive Wealth Strategies LLC's holdings in CrowdStrike were worth $1,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. Geode Capital Management LLC raised its holdings in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares in the last quarter. Norges Bank bought a new position in CrowdStrike in the 4th quarter worth $1,111,542,000. Northern Trust Corp raised its holdings in CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after purchasing an additional 324,136 shares in the last quarter. Finally, FMR LLC raised its holdings in CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after purchasing an additional 287,960 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the sale, the president now owns 422,204 shares in the company, valued at approximately $201,391,308. This trade 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, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 255,821 shares of company stock valued at $115,966,659. 3.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CRWD shares. Robert W. Baird lowered their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating for the company in a research report on Wednesday, March 5th. Wedbush boosted their price objective on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. Rosenblatt Securities boosted their price objective on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Piper Sandler boosted their price objective on shares of CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Susquehanna boosted their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Two 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. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $453.88.

CrowdStrike Stock Performance

Shares of CRWD traded down $5.89 on Friday, reaching $499.33. The company's stock had a trading volume of 3,464,614 shares, compared to its average volume of 4,797,111. 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 market capitalization of $124.46 billion, a P/E ratio of -723.67 and a beta of 1.16. The stock's 50 day simple moving average is $452.08 and its two-hundred day simple moving average is $401.30. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $506.35.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. Research analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.