Independent Solutions Wealth Management LLC Buys 5,054 Shares of CrowdStrike (NASDAQ:CRWD)

Independent Solutions Wealth Management LLC lifted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 152.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,360 shares of the company's stock after purchasing an additional 5,054 shares during the period. Independent Solutions Wealth Management LLC's holdings in CrowdStrike were worth $2,948,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CRWD. Blue Trust Inc. lifted its position in shares of CrowdStrike by 20.4% in the 1st quarter. Blue Trust Inc. now owns 1,267 shares of the company's stock worth $447,000 after purchasing an additional 215 shares during the period. Primoris Wealth Advisors LLC purchased a new stake in CrowdStrike in the fourth quarter worth about $2,166,000. OLD National Bancorp IN purchased a new stake in CrowdStrike in the first quarter worth about $248,000. Trifecta Capital Advisors LLC boosted its position in CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after acquiring an additional 8,561 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $649,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $5.89 during midday trading on Friday, hitting $499.33. 3,464,614 shares of the company's stock traded hands, compared to its average volume of 4,797,111. The firm has a fifty day moving average of $452.08 and a 200 day moving average of $401.30. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $506.35. 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 stock has a market capitalization of $124.46 billion, a price-to-earnings ratio of -723.67 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results 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 negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The firm's quarterly revenue was up 19.8% compared to the same quarter last year. On average, analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total value of $3,595,700.00. Following the completion of the sale, the director now owns 62,891 shares in the company, valued at approximately $22,613,716.87. This represents a 13.72% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total value 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. Insiders sold 255,821 shares of company stock worth $115,966,659 in the last three months. Corporate insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRWD. Citigroup restated an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. The Goldman Sachs Group boosted their target price on shares of CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. JMP Securities reaffirmed a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. Mizuho lifted their price target 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. Finally, Robert W. Baird dropped their price objective on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Two research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $453.88.

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.