Global Wealth Management Investment Advisory Inc. Grows Position in CrowdStrike (NASDAQ:CRWD)

Global Wealth Management Investment Advisory Inc. boosted its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 12.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,326 shares of the company's stock after acquiring an additional 926 shares during the quarter. Global Wealth Management Investment Advisory Inc.'s holdings in CrowdStrike were worth $2,936,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Huntleigh Advisors Inc. grew its holdings in CrowdStrike by 16.6% in the 1st quarter. Huntleigh Advisors Inc. now owns 4,975 shares of the company's stock worth $1,754,000 after acquiring an additional 710 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of CrowdStrike by 9.2% in the first quarter. IFM Investors Pty Ltd now owns 46,371 shares of the company's stock worth $16,349,000 after purchasing an additional 3,891 shares during the last quarter. GF Fund Management CO. LTD. grew its stake in shares of CrowdStrike by 1.5% in the first quarter. GF Fund Management CO. LTD. now owns 59,634 shares of the company's stock worth $21,026,000 after purchasing an additional 896 shares during the last quarter. Hartline Investment Corp increased its holdings in CrowdStrike by 12.3% during the 1st quarter. Hartline Investment Corp now owns 4,736 shares of the company's stock valued at $1,670,000 after purchasing an additional 517 shares during the period. Finally, Calamos Advisors LLC raised its position in CrowdStrike by 1,623.5% during the 1st quarter. Calamos Advisors LLC now owns 57,736 shares of the company's stock valued at $20,357,000 after purchasing an additional 54,386 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the transaction, the chief executive officer owned 2,192,610 shares of the company's stock, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the sale, the chief financial officer directly owned 249,653 shares in the company, valued at approximately $109,068,402.64. The trade was a 6.02% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 249,571 shares of company stock valued at $115,469,993. 3.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on CRWD. Canaccord Genuity Group reiterated a "hold" rating and issued a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Needham & Company LLC boosted their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Wedbush raised their price objective on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. BMO Capital Markets lifted their price objective on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Evercore ISI reiterated an "in-line" rating and set a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $453.88.

CrowdStrike Price Performance

NASDAQ:CRWD traded up $17.67 during trading hours on Friday, hitting $513.77. 2,654,026 shares of the stock traded hands, compared to its average volume of 4,779,107. The company has a market cap of $128.06 billion, a price-to-earnings ratio of -744.59 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98. The stock has a 50 day moving average price of $461.68 and a 200 day moving average price of $404.93. The company has a quick ratio of 1.85, a current 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. CrowdStrike's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 EPS. Sell-side analysts forecast that CrowdStrike will post 0.55 EPS 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.