IFC Advisors LLC Takes $336,000 Position in CrowdStrike (NASDAQ:CRWD)

IFC Advisors LLC purchased a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 952 shares of the company's stock, valued at approximately $336,000.

A number of other hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC acquired a new stake in CrowdStrike in the first quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 valued at $27,000 after acquiring an additional 58 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in 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. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike in the fourth quarter worth $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In related news, CFO Burt W. Podbere sold 10,714 shares of the business's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $469.49, for a total value of $5,030,115.86. Following the sale, the chief financial officer owned 239,008 shares of the company's stock, valued at $112,211,865.92. The trade was a 4.29% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the transaction, the director owned 781,011 shares in the company, valued at approximately $400,213,466.73. This trade represents a 0.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 253,221 shares of company stock valued at $117,687,463 over the last 90 days. 3.32% of the stock is owned by insiders.

CrowdStrike Price Performance

CRWD stock traded down $2.90 during midday trading on Tuesday, reaching $473.28. The stock had a trading volume of 2,525,741 shares, compared to its average volume of 4,765,250. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $517.98. 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 company's fifty day simple moving average is $470.85 and its 200 day simple moving average is $412.20. The company has a market cap of $117.97 billion, a price-to-earnings ratio of -685.91 and a beta of 1.16.

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. The business had revenue of $1.10 billion for 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%. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, sell-side analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CRWD. Mizuho upped their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Truist Financial reissued a "buy" rating and set a $500.00 price target (up from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Bank of America restated a "neutral" rating and issued a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Royal Bank Of Canada increased their target price on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Jefferies Financial Group raised their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, eighteen have given a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $456.40.

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.