IFC Advisors LLC Acquires New Holdings in CrowdStrike (NASDAQ:CRWD)

IFC Advisors LLC purchased a new position 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 (SEC). The firm purchased 952 shares of the company's stock, valued at approximately $336,000.

Several other institutional investors have also added to or reduced their stakes in CRWD. Cloud Capital Management LLC acquired a new stake in CrowdStrike in the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC boosted its holdings in CrowdStrike by 114.3% in the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after acquiring an additional 40 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $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 acquiring an additional 38 shares in the last quarter. Finally, Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the fourth quarter worth about $34,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CRWD. Canaccord Genuity Group reissued 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. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Needham & Company LLC increased their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Mizuho upped their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus target price of $456.29.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the completion of the transaction, the director owned 781,011 shares in the company, valued at approximately $400,213,466.73. The trade was a 0.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the transaction, the director owned 18,858 shares of the company's stock, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 255,821 shares of company stock valued at $118,672,681. 3.32% of the stock is owned by company insiders.

CrowdStrike Stock Down 1.8%

CRWD stock opened at $478.45 on Friday. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. The stock has a market capitalization of $119.25 billion, a PE ratio of -693.41 and a beta of 1.16. 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 company has a fifty day moving average of $470.20 and a 200-day moving average of $410.72.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter last year, the business earned $0.93 earnings per share. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, analysts expect that CrowdStrike will post 0.55 EPS for the current 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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