Global Assets Advisory LLC Takes $272,000 Position in CrowdStrike (NASDAQ:CRWD)

Global Assets Advisory LLC bought a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 765 shares of the company's stock, valued at approximately $272,000.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Moran Wealth Management LLC acquired a new stake in CrowdStrike in the first quarter worth approximately $289,000. International Assets Investment Management LLC lifted its position in CrowdStrike by 6.8% in the first quarter. International Assets Investment Management LLC now owns 3,965 shares of the company's stock worth $1,398,000 after purchasing an additional 251 shares during the period. Proactive Wealth Strategies LLC lifted its position in CrowdStrike by 27.8% in the first quarter. Proactive Wealth Strategies LLC now owns 2,894 shares of the company's stock worth $1,020,000 after purchasing an additional 630 shares during the period. Chevy Chase Trust Holdings LLC lifted its position in CrowdStrike by 51.3% in the first quarter. Chevy Chase Trust Holdings LLC now owns 186,434 shares of the company's stock worth $65,733,000 after purchasing an additional 63,209 shares during the period. Finally, Petros Family Wealth LLC lifted its position in CrowdStrike by 3.5% in the first quarter. Petros Family Wealth LLC now owns 2,345 shares of the company's stock worth $827,000 after purchasing an additional 79 shares during the period. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the sale, the director now directly owns 768,092 shares of the company's stock, valued at $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the sale, the director now directly owns 62,891 shares in the company, valued at $22,613,716.87. This trade represents a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 240,821 shares of company stock valued at $108,501,609 over the last three months. 3.32% of the stock is owned by insiders.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $494.09 on Thursday. 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 has a market capitalization of $123.15 billion, a price-to-earnings ratio of -716.07 and a beta of 1.16. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $500.41. The firm's 50-day moving average price is $447.02 and its two-hundred day moving average price is $399.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The company's quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the topic of several research reports. Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Roth Capital upped their price target on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Citigroup reaffirmed an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Rosenblatt Securities upped their price target on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a report on Monday, June 2nd. Finally, Canaccord Genuity Group reaffirmed a "hold" rating and issued a $475.00 price target (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $453.88.

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.

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