Diversify Advisory Services LLC Acquires 5,835 Shares of CrowdStrike (NASDAQ:CRWD)

Diversify Advisory Services LLC boosted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 199.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,765 shares of the company's stock after purchasing an additional 5,835 shares during the period. Diversify Advisory Services LLC's holdings in CrowdStrike were worth $3,090,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in CrowdStrike during the 1st quarter worth $25,000. Atlantic Edge Private Wealth Management LLC raised its stake 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 acquiring an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings 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 acquiring an additional 58 shares during the last quarter. Sound Income Strategies LLC lifted its stake in shares of CrowdStrike by 77.6% in the 1st 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. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the fourth quarter worth $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Price Performance

Shares of CRWD stock traded up $6.13 on Friday, reaching $475.96. The company's stock had a trading volume of 2,901,063 shares, compared to its average volume of 4,606,016. 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 stock's fifty day simple moving average is $474.54 and its 200-day simple moving average is $415.28. The company has a market capitalization of $118.63 billion, a price-to-earnings ratio of -689.80 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.93 EPS. The business's quarterly revenue was up 19.8% compared to the same quarter last year. Analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Activity at CrowdStrike

In related news, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the sale, the director owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. This trade represents a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the 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 transaction, the director directly owned 781,011 shares in the company, valued at approximately $400,213,466.73. This represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 255,294 shares of company stock valued at $118,670,500 over the last three months. Insiders own 3.32% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. DZ Bank lowered shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 target price for the company. in a research note on Thursday, May 22nd. UBS Group reissued a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. BMO Capital Markets lifted their price objective on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Stephens lifted their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Scotiabank lifted their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have issued a buy rating to the company's stock. According to 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.