Larson Financial Group LLC Purchases 996 Shares of CrowdStrike (NASDAQ:CRWD)

Larson Financial Group LLC increased its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 73.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,356 shares of the company's stock after buying an additional 996 shares during the period. Larson Financial Group LLC's holdings in CrowdStrike were worth $831,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC bought a new stake in CrowdStrike during the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the period. Sound Income Strategies LLC increased its position in CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Up 1.3%

CrowdStrike stock traded up $6.13 during trading hours on Friday, reaching $475.96. The company had a trading volume of 2,900,407 shares, compared to its average volume of 4,755,355. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The firm has a market cap of $118.63 billion, a price-to-earnings ratio of -689.80 and a beta of 1.16. The company has a 50-day moving average price of $473.24 and a 200 day moving average price of $413.85.

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

Insider Buying and Selling

In other news, President Michael Sentonas sold 11,527 shares of the stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total value of $5,431,522.40. Following the sale, the president directly owned 410,677 shares of the company's stock, valued at approximately $193,511,002.40. This represents a 2.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Roxanne S. Austin sold 9,447 shares of the 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 sale, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 255,294 shares of company stock valued at $118,670,500 over the last 90 days. 3.32% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CRWD. Bank of America reiterated a "neutral" rating and issued a $470.00 target price (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Piper Sandler lowered CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price for the company. in a research report on Monday, July 7th. Susquehanna raised their target price on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Finally, Roth Capital lifted their price objective on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $456.60.

CrowdStrike 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.