Berger Financial Group Inc Boosts Holdings in CrowdStrike (NASDAQ:CRWD)

Key Points

• Berger Financial Group Inc increased its stake in CrowdStrike (NASDAQ:CRWD) by 68.3% during the first quarter, now holding 4,002 shares worth approximately $1.41 million.
• Insiders at CrowdStrike have recently sold significant shares, with total sales in the last 90 days exceeding $101 million, resulting in a decrease of ownership for key directors.
• Analysts are optimistic about CrowdStrike's stock, with several brokerages raising their price targets to as high as $520, indicating strong potential for growth.

Berger Financial Group Inc raised its stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 68.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,002 shares of the company's stock after purchasing an additional 1,624 shares during the period. Berger Financial Group Inc's holdings in CrowdStrike were worth $1,411,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Cloud Capital Management LLC purchased a new position in CrowdStrike in the 1st quarter valued at about $25,000. Vision Financial Markets LLC purchased a new position in shares of CrowdStrike in the first quarter valued at approximately $26,000. Atlantic Edge Private Wealth Management LLC boosted 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 worth $26,000 after acquiring an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in shares of CrowdStrike by 305.3% during 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 in the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of CrowdStrike during the first quarter worth approximately $30,000. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Down 0.1%

Shares of CrowdStrike stock traded down $0.51 on Friday, reaching $424.49. 3,626,057 shares of the company were exchanged, compared to its average volume of 2,730,743. The stock's 50 day moving average price is $477.04 and its 200-day moving average price is $425.84. 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 1-year low of $235.60 and a 1-year high of $517.98. The company has a market cap of $105.80 billion, a P/E ratio of -615.20 and a beta of 1.13.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results 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. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm earned $0.93 earnings per share. The firm's quarterly revenue was up 19.8% on a year-over-year basis. As a group, equities analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on CRWD shares. Cantor Fitzgerald raised their price objective on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Jefferies Financial Group raised their price target on shares of CrowdStrike from $520.00 to $530.00 and gave the stock a "buy" rating in a research note on Thursday, July 24th. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Royal Bank Of Canada boosted their target price on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, BTIG Research restated a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $461.17.

Insider Buying and Selling at CrowdStrike

In related news, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total value of $4,843,004.55. Following the transaction, the director owned 18,858 shares of the company's stock, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of the sale, the director owned 774,761 shares in the company, valued at approximately $346,387,895.49. This represents a 0.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is currently owned by company 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.