CrowdStrike (NASDAQ:CRWD) Shares Acquired by Eastern Bank

Key Points

• Eastern Bank increased its stake in CrowdStrike by 78.3% during the 1st quarter, acquiring an additional 940 shares, bringing its total holdings to 2,140 shares valued at approximately $755,000.
• CrowdStrike reported a quarterly earnings per share of $0.73, surpassing analysts' estimates, as revenue rose 19.8% year-over-year to $1.10 billion.
• Insider trading activity included a notable sale by Director Roxanne S. Austin of 9,447 shares, reducing her ownership by 33.38% and highlighting ongoing changes in executive stock holdings.

Eastern Bank raised its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 78.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,140 shares of the company's stock after acquiring an additional 940 shares during the period. Eastern Bank's holdings in CrowdStrike were worth $755,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CRWD. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike in the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC lifted its holdings in 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 buying an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. lifted its holdings in 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 buying an additional 58 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in CrowdStrike during the 1st quarter worth approximately $30,000. Finally, Sound Income Strategies LLC lifted its holdings in 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 buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Trading Down 1.7%

Shares of NASDAQ CRWD traded down $7.91 during midday trading on Friday, reaching $446.66. 3,012,444 shares of the stock were exchanged, compared to its average volume of 2,504,503. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. The stock has a 50 day moving average price of $479.51 and a 200-day moving average price of $422.47. The company has a market capitalization of $111.33 billion, a P/E ratio of -647.33 and a beta of 1.13. 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 released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. Equities research analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In related news, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the sale, the director owned 81,383 shares of the company's stock, valued at approximately $38,592,632.43. This represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 235,570 shares of company stock valued at $110,581,672 in the last quarter. Insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CRWD. JMP Securities reiterated a "market outperform" rating and set a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. Stifel Nicolaus increased their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Cantor Fitzgerald raised their price objective on shares of CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Cfra restated a "hold" rating and issued a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a report on Thursday, July 10th. Finally, Jefferies Financial Group raised their price objective on shares of CrowdStrike from $520.00 to $530.00 and gave the company a "buy" rating in a report on Thursday, July 24th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

About CrowdStrike

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.