Crystal Rock Capital Management Increases Stake in CrowdStrike (NASDAQ:CRWD)

Crystal Rock Capital Management lifted its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 58.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 10,035 shares of the company's stock after purchasing an additional 3,685 shares during the period. CrowdStrike comprises about 2.4% of Crystal Rock Capital Management's investment portfolio, making the stock its 17th biggest position. Crystal Rock Capital Management's holdings in CrowdStrike were worth $3,538,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike during the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in CrowdStrike by 114.3% in the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its position in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after buying an additional 58 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after buying an additional 38 shares during the last quarter. Finally, Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Price Performance

NASDAQ CRWD traded down $4.87 during trading on Tuesday, hitting $476.71. 517,229 shares of the stock traded hands, compared to its average volume of 4,585,338. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $517.98. The firm has a 50-day simple moving average of $474.54 and a 200-day simple moving average of $415.76. The company has a market capitalization of $118.82 billion, a P/E ratio of -689.61 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analysts' expectations of $1.11 billion. During the same period in the prior year, the company earned $0.93 EPS. The business's revenue was up 19.8% compared to the same quarter last year. As a group, analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Insider Buying and Selling at CrowdStrike

In other news, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction 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. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Burt W. Podbere sold 16,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the sale, the chief financial officer directly owned 249,653 shares of the company's stock, valued at approximately $109,068,402.64. This trade represents a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 252,320 shares of company stock valued at $117,592,485. 3.32% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on CRWD. Canaccord Genuity Group reiterated a "hold" rating and issued a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Stifel Nicolaus raised their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Bank of America reiterated a "neutral" rating and set a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Susquehanna raised their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a report on Wednesday, June 4th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 4th. One 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's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $460.93.

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.

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