Fiduciary Family Office LLC Makes New Investment in CrowdStrike (NASDAQ:CRWD)

Key Points

• Fiduciary Family Office LLC has acquired a new stake in CrowdStrike, purchasing 839 shares valued at approximately $296,000 in the first quarter.
• Analysts have set varied price targets for CrowdStrike, with BMO Capital Markets increasing their target from $405.00 to $500.00 and Piper Sandler downgrading it to $505.00.
• Insider trading activity saw President Michael Sentonas selling 25,000 shares for about $11.93 million, while CEO George Kurtz sold 42,267 shares for approximately $19.04 million.

Fiduciary Family Office LLC acquired a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 839 shares of the company's stock, valued at approximately $296,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike in the first quarter valued at $25,000. Vision Financial Markets LLC bought a new position in CrowdStrike during the first quarter valued at $26,000. Atlantic Edge Private Wealth Management LLC grew its stake in shares of 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 in the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings 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. Finally, Neo Ivy Capital Management bought a new stake in shares of CrowdStrike in the 1st quarter worth about $30,000. Institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

CRWD has been the topic of several analyst reports. Royal Bank Of Canada boosted their price objective on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Piper Sandler downgraded CrowdStrike from an "overweight" rating to a "neutral" rating and set a $505.00 target price on the stock. in a research report on Monday, July 7th. UBS Group restated a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Barclays set a $500.00 price objective on shares of CrowdStrike in a research note on Tuesday, June 3rd. Finally, Morgan Stanley reissued an "equal weight" rating and issued a $495.00 target price (up previously from $490.00) on shares of CrowdStrike in a research note on Monday, July 14th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $461.17.

CrowdStrike Stock Performance

NASDAQ CRWD traded down $0.51 on Friday, hitting $424.49. 3,626,057 shares of the company's stock traded hands, compared to its average volume of 2,730,743. The firm's 50-day moving average price is $477.04 and its two-hundred day moving average price is $425.84. The firm has a market capitalization of $105.80 billion, a PE ratio of -615.20 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 has a 1-year low of $235.60 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted 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. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. As a group, analysts expect that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In other news, CFO Burt W. Podbere sold 11,883 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the sale, the chief financial officer owned 231,130 shares of the company's stock, valued at $105,272,781.10. This trade represents a 4.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO George Kurtz sold 42,267 shares of the business's stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $450.47, for a total transaction of $19,040,015.49. Following the completion of the transaction, the chief executive officer owned 2,132,887 shares of the company's stock, valued at approximately $960,801,606.89. This represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by insiders.

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.