Guardian Asset Advisors LLC Buys New Stake in CrowdStrike (NASDAQ:CRWD)

Guardian Asset Advisors LLC acquired a new stake in 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. The fund acquired 704 shares of the company's stock, valued at approximately $248,000.

A number of other large investors also recently bought and sold shares of the stock. 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 buying an additional 58 shares during the period. Sound Income Strategies LLC raised its position 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 purchasing an additional 38 shares during the last quarter. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new position in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. boosted its stake in shares of 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 acquiring an additional 81 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on CRWD. Morgan Stanley increased their price objective on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Bank of America reaffirmed a "neutral" rating and set a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Barclays set a $500.00 price objective on shares of CrowdStrike in a research note on Tuesday, June 3rd. Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Westpark Capital restated a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $453.88.

CrowdStrike Trading Down 1.2%

NASDAQ:CRWD opened at $499.33 on Friday. The stock has a fifty day moving average price of $452.08 and a 200 day moving average price of $401.56. 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 firm has a market cap of $124.46 billion, a PE ratio of -723.67 and a beta of 1.16. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $506.35.

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, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The business had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the business posted $0.93 EPS. The business's quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Transactions at CrowdStrike

In other news, CAO Anurag Saha sold 2,227 shares of the business's stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total transaction of $1,049,362.40. Following the completion of the sale, the chief accounting officer now owns 43,019 shares in the company, valued at approximately $20,270,552.80. The trade was a 4.92% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer now owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 255,821 shares of company stock valued at $115,966,659. Insiders own 3.32% of the company's stock.

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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