CrowdStrike (NASDAQ:CRWD) Shares Purchased by Blair William & Co. IL

Key Points

• Blair William & Co. IL increased its stake in CrowdStrike by 3.2% to own 159,544 shares, valued at approximately $56.3 million.
• Analysts remain optimistic with an average price target of $461.17 after multiple brokerages issued updated ratings, with twenty-six analysts giving it a buy rating.
• Insider trading activity has been notable, with CEO George Kurtz selling 17,525 shares for around $8.37 million, indicating a 0.80% reduction in his ownership stake.

Blair William & Co. IL raised its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 3.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 159,544 shares of the company's stock after purchasing an additional 4,959 shares during the period. Blair William & Co. IL owned about 0.06% of CrowdStrike worth $56,252,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CRWD. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike in the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC increased its holdings 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 purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. increased its holdings in shares of CrowdStrike by 305.3% in the first 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. Neo Ivy Capital Management acquired a new position in shares of CrowdStrike in the first quarter valued at about $30,000. Finally, Sound Income Strategies LLC increased its holdings in shares of CrowdStrike by 77.6% in the first 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. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at CrowdStrike

In other news, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction dated 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 completion of the sale, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total value of $3,202,687.50. Following the completion of the sale, the director directly owned 781,011 shares of the company's stock, valued at $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 154,014 shares of company stock worth $74,238,060 over the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Down 2.2%

CRWD traded down $9.79 on Tuesday, hitting $445.07. 699,479 shares of the company were exchanged, compared to its average volume of 3,741,437. CrowdStrike has a twelve month low of $221.56 and a twelve month high of $517.98. The company has a market cap of $110.93 billion, a price-to-earnings ratio of -645.22 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $479.50 and a two-hundred day moving average price of $423.99.

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

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Westpark Capital reissued a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. JMP Securities restated a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research note on Wednesday, June 4th. Oppenheimer upped their target price on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. BTIG Research restated a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Finally, Wedbush upped their target price on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock 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.