Wealthfront Advisers LLC Buys 2,146 Shares of CrowdStrike (NASDAQ:CRWD)

Wealthfront Advisers LLC boosted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 11.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 21,449 shares of the company's stock after buying an additional 2,146 shares during the period. Wealthfront Advisers LLC's holdings in CrowdStrike were worth $7,562,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC lifted its holdings in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after acquiring an additional 23 shares during the period. Tradewinds Capital Management LLC lifted its stake in CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the last quarter. Stratos Wealth Advisors LLC lifted its stake in CrowdStrike by 0.9% in the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock valued at $1,052,000 after purchasing an additional 26 shares during the last quarter. Stratos Investment Management LLC lifted its stake in CrowdStrike by 0.9% in the 1st quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock valued at $1,129,000 after purchasing an additional 27 shares during the last quarter. Finally, American Financial Advisors LLC lifted its stake in CrowdStrike by 2.9% in the 1st quarter. American Financial Advisors LLC now owns 1,008 shares of the company's stock valued at $355,000 after purchasing an additional 28 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Insiders Place Their Bets

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president directly owned 422,204 shares of the company's stock, valued at approximately $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Roxanne S. Austin sold 15,000 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total transaction of $7,465,050.00. Following the transaction, the director directly owned 18,858 shares of the company's stock, valued at $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 255,294 shares of company stock valued at $118,670,500. 3.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

CRWD has been the subject of several analyst reports. Jefferies Financial Group raised their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Piper Sandler cut shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective for the company. in a research report on Monday, July 7th. Cfra reiterated a "hold" rating and set a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Rosenblatt Securities raised their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a report on Monday, June 2nd. Finally, Barclays set a $500.00 price objective on shares of CrowdStrike in a research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average price target of $460.93.

CrowdStrike Trading Up 1.3%

Shares of CRWD stock traded up $6.13 during mid-day trading on Friday, reaching $475.96. The stock had a trading volume of 2,901,063 shares, compared to its average volume of 4,756,175. The stock's 50-day moving average price is $474.54 and its two-hundred day moving average price is $414.78. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The firm has a market capitalization of $118.63 billion, a PE ratio of -689.80 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 (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share 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 analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. Equities analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

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.