Embree Financial Group Makes New $250,000 Investment in CrowdStrike (NASDAQ:CRWD)

Embree Financial Group purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 709 shares of the company's stock, valued at approximately $250,000.

Other institutional investors have also modified their holdings of the company. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% in the 1st 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 period. Sound Income Strategies LLC grew its stake in shares of CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares in the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter valued at $34,000. Millstone Evans Group LLC bought a new stake in shares of CrowdStrike during the fourth quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. lifted its holdings in CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after purchasing an additional 81 shares during the period. Institutional investors own 71.16% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on CRWD shares. Raymond James Financial reissued an "outperform" rating and set a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Cantor Fitzgerald increased 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. Evercore ISI reiterated an "in-line" rating and set a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Guggenheim restated a "neutral" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Finally, Stephens lifted their price target on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $453.17.

Insider Transactions at CrowdStrike

In related news, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction on 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 now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 197,060 shares of company stock valued at $87,750,868 in the last three months. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

CRWD stock opened at $485.38 on Wednesday. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $494.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The stock has a market cap of $120.98 billion, a P/E ratio of -703.45 and a beta of 1.16. The firm has a 50 day simple moving average of $444.73 and a 200 day simple moving average of $398.54.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. Research analysts anticipate 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.

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