CrowdStrike (NASDAQ:CRWD) Shares Purchased by Meeder Advisory Services Inc.

Key Points

• Meeder Advisory Services Inc. increased its stake in CrowdStrike by 23.4%, now holding a total of 7,616 shares valued at approximately $2.69 million.
• CrowdStrike's most recent earnings report revealed earnings per share of $0.73, exceeding analyst expectations and demonstrating a 19.8% year-over-year revenue growth.
• Analysts have shown optimism, with target prices for CrowdStrike stock rising from several firms, reflecting a consensus rating of "Moderate Buy" and an average target price of $461.17.

Meeder Advisory Services Inc. lifted its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 23.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,616 shares of the company's stock after buying an additional 1,446 shares during the quarter. Meeder Advisory Services Inc.'s holdings in CrowdStrike were worth $2,685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike in the first quarter worth $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in 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 in the last quarter. Neo Ivy Capital Management purchased a new stake in CrowdStrike in the first quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC raised 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 in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the company's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the completion of the transaction, the director owned 36,906 shares in the company, valued at $17,306,330.58. This represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer directly owned 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. 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 over the last three months. 3.32% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CRWD. Piper Sandler cut shares of CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 price objective on the stock. in a research report on Monday, July 7th. Wells Fargo & Company raised their price objective on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a report on Monday, June 2nd. Mizuho lifted their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 4th. Cfra reiterated a "hold" rating and issued a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Finally, The Goldman Sachs Group lifted their target price on shares of CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a research report on Tuesday, June 10th. One research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $461.17.

CrowdStrike Trading Down 0.5%

Shares of CRWD stock traded down $2.36 during trading on Wednesday, hitting $463.15. 2,104,867 shares of the stock traded hands, compared to its average volume of 3,789,161. The firm has a market capitalization of $115.44 billion, a P/E ratio of -671.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The firm's fifty day moving average price is $478.91 and its 200-day moving average price is $420.72. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the business earned $0.93 EPS. CrowdStrike's revenue was up 19.8% on a year-over-year basis. As a group, research analysts forecast 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.