CrowdStrike (NASDAQ:CRWD) Stake Boosted by Legacy Advisors LLC

Legacy Advisors LLC raised its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 57.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,470 shares of the company's stock after purchasing an additional 537 shares during the period. Legacy Advisors LLC's holdings in CrowdStrike were worth $518,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CRWD. Sound Income Strategies LLC grew its position in shares of 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 buying an additional 38 shares during the last quarter. Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. ST Germain D J Co. Inc. raised its position in shares of CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after purchasing an additional 81 shares during the period. Finally, Bellwether Advisors LLC bought a new stake in shares of CrowdStrike in the 4th quarter worth approximately $37,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the sale, the chief financial officer now directly owns 249,653 shares in the company, valued at $109,068,402.64. The trade was a 6.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Denis Oleary sold 15,680 shares of the stock in a transaction on Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the transaction, the director now owns 36,906 shares in the company, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,060 shares of company stock worth $87,750,868 in the last three months. 3.32% of the stock is owned by insiders.

Analysts Set New Price Targets

CRWD has been the subject of a number of recent research reports. Citigroup restated an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. DA Davidson upped their price target on shares of CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. JMP Securities reiterated a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 4th. Mizuho boosted their target price on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Finally, Rosenblatt Securities raised their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $453.17.

CrowdStrike Stock Performance

Shares of CRWD stock opened at $485.38 on Wednesday. The stock's fifty day simple moving average is $444.73 and its 200-day simple moving average is $398.54. The company has a market capitalization of $120.98 billion, a price-to-earnings ratio of -703.45 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $494.30.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm's revenue was up 19.8% on a year-over-year basis. On average, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.

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