1,472 Shares in CrowdStrike (NASDAQ:CRWD) Purchased by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC bought a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,472 shares of the company's stock, valued at approximately $519,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cloud Capital Management LLC bought a new stake in CrowdStrike in the 1st quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in CrowdStrike by 114.3% during 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. lifted its stake in CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the last quarter. Sound Income Strategies LLC lifted its stake in CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its stake in CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on CRWD. Needham & Company LLC increased their price objective on shares of CrowdStrike from $420.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. DA Davidson increased their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Stephens increased their price objective on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Barclays set a $500.00 price target on shares of CrowdStrike in a research report on Tuesday, June 3rd. Finally, Oppenheimer upped their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $461.17.

Insider Activity

In other CrowdStrike news, Director Roxanne S. Austin sold 9,447 shares of the company's stock in a transaction that occurred on Tuesday, July 1st. The shares were 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 in the company, valued at approximately $9,667,553.70. This represents a 33.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Johanna Flower sold 2,073 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $474.21, for a total transaction of $983,037.33. Following the transaction, the director owned 81,383 shares in the company, valued at $38,592,632.43. The trade was a 2.48% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 241,820 shares of company stock worth $113,297,985. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Up 1.3%

Shares of NASDAQ:CRWD traded up $5.89 during trading hours on Friday, hitting $467.92. The company's stock had a trading volume of 1,788,951 shares, compared to its average volume of 2,689,736. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market capitalization of $116.63 billion, a price-to-earnings ratio of -678.14 and a beta of 1.16. The firm's fifty day moving average price is $477.89 and its 200 day moving average price is $418.70.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. As a group, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

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.