AE Wealth Management LLC Buys 909 Shares of CrowdStrike (NASDAQ:CRWD)

Key Points

• AE Wealth Management LLC increased its stake in CrowdStrike by 8.7%, owning 11,343 shares valued at approximately $3.99 million following the acquisition of additional shares.
• A range of hedge funds boosted their positions in CrowdStrike recently, with multiple firms reporting increases between 0.9% and 23.8% in their holdings during the first quarter.
• CrowdStrike's recent earnings report showed a 19.8% increase in revenue year-over-year, outperforming estimates with earnings of $0.73 per share compared to the expected $0.66.

AE Wealth Management LLC raised its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 8.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,343 shares of the company's stock after acquiring an additional 909 shares during the quarter. AE Wealth Management LLC's holdings in CrowdStrike were worth $3,999,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CRWD. Blue Trust Inc. increased its position in CrowdStrike by 20.4% in the first quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after purchasing an additional 215 shares during the period. Primoris Wealth Advisors LLC acquired a new stake in CrowdStrike in the fourth quarter worth about $2,166,000. OLD National Bancorp IN acquired a new stake in CrowdStrike in the first quarter worth about $248,000. Bessemer Group Inc. increased its position in CrowdStrike by 4.6% in the first quarter. Bessemer Group Inc. now owns 2,221 shares of the company's stock worth $783,000 after purchasing an additional 98 shares during the period. Finally, Financial Engines Advisors L.L.C. acquired a new stake in CrowdStrike in the fourth quarter worth about $284,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Trading Up 1.3%

Shares of CRWD traded up $5.89 during mid-day trading on Friday, reaching $467.92. 1,788,951 shares of the company were exchanged, compared to its average volume of 2,689,736. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market capitalization of $116.63 billion, a PE ratio of -678.14 and a beta of 1.16. The business has a 50 day simple moving average of $477.89 and a two-hundred day simple moving average of $419.12.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued 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 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 was up 19.8% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. On average, analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,768 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the sale, the chief accounting officer owned 41,251 shares in the company, valued at $20,286,004.27. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction that occurred 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 owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 241,820 shares of company stock valued at $113,297,985 in the last 90 days. Company insiders own 3.32% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Susquehanna boosted their target price on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research report on Wednesday, June 4th. Evercore ISI restated an "in-line" rating and set a $440.00 target price (down from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Morgan Stanley restated an "equal weight" rating and set a $495.00 target price (up from $490.00) on shares of CrowdStrike in a research report on Monday, July 14th. Sanford C. Bernstein lowered CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a research report on Friday, June 6th. Finally, BMO Capital Markets boosted their target price on CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus price target of $461.17.

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.