2,739 Shares in CrowdStrike (NASDAQ:CRWD) Purchased by Draper Asset Management LLC

Draper Asset Management LLC purchased a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,739 shares of the company's stock, valued at approximately $966,000. CrowdStrike accounts for approximately 0.8% of Draper Asset Management LLC's investment portfolio, making the stock its 13th largest holding.

A number of other large investors have also recently made changes to their positions in CRWD. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares in the last quarter. Sound Income Strategies LLC raised its stake in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after acquiring an additional 38 shares in the last quarter. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,768 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total value of $869,449.36. Following the completion of the sale, the chief accounting officer directly owned 41,251 shares in the company, valued at $20,286,004.27. This represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Michael Sentonas sold 11,527 shares of the stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $471.20, for a total transaction of $5,431,522.40. Following the completion of the sale, the president owned 410,677 shares of the company's stock, valued at $193,511,002.40. This trade represents a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 255,821 shares of company stock valued at $118,672,681. Corporate insiders own 3.32% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CRWD. Royal Bank Of Canada upped their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Canaccord Genuity Group restated a "hold" rating and set a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Roth Capital upped their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Evercore ISI restated an "in-line" rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Needham & Company LLC upped their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $456.29.

CrowdStrike Price Performance

CRWD traded down $8.66 during midday trading on Friday, hitting $478.45. 3,377,761 shares of the company traded hands, compared to its average volume of 4,771,281. 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 company has a market capitalization of $119.25 billion, a price-to-earnings ratio of -693.41 and a beta of 1.16. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The business has a 50 day simple moving average of $470.20 and a two-hundred day simple moving average of $410.72.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.93 earnings per share. On average, equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

CrowdStrike Company 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.