Lord & Richards Wealth Management LLC Acquires New Position in CrowdStrike (NASDAQ:CRWD)

Lord & Richards Wealth Management LLC acquired a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 781 shares of the company's stock, valued at approximately $275,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike during the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings in 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 buying an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its position in CrowdStrike by 305.3% during the first 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 in the last quarter. Sound Income Strategies LLC raised its holdings in shares of 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 during the last quarter. Finally, Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the fourth quarter worth $34,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the company. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Raymond James Financial restated an "outperform" rating and issued a $485.00 target price (up from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Roth Capital lifted their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Finally, Wedbush raised their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Two equities research 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. According to MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and an average target price of $456.40.

CrowdStrike Stock Down 0.6%

NASDAQ CRWD traded down $2.90 on Tuesday, reaching $473.28. The company had a trading volume of 2,525,884 shares, compared to its average volume of 2,933,636. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98. The firm has a 50-day moving average of $470.85 and a 200-day moving average of $412.20. The firm has a market capitalization of $117.97 billion, a PE ratio of 11,904.50 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 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 1,768 shares of CrowdStrike stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total transaction of $869,449.36. Following the sale, the chief accounting officer directly owned 41,251 shares in the company, valued at $20,286,004.27. The trade was a 4.11% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Michael Sentonas sold 11,527 shares of the company'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 value of $5,431,522.40. Following the completion of the transaction, the president directly owned 410,677 shares in the company, valued at approximately $193,511,002.40. The trade was a 2.73% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 253,221 shares of company stock valued at $117,687,463. 3.32% of the stock is currently owned by insiders.

CrowdStrike 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.