Moran Wealth Management LLC Buys Shares of 820 CrowdStrike (NASDAQ:CRWD)

Moran Wealth Management LLC acquired a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 820 shares of the company's stock, valued at approximately $289,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its holdings in CrowdStrike by 6.8% during the first quarter. International Assets Investment Management LLC now owns 3,965 shares of the company's stock worth $1,398,000 after buying an additional 251 shares during the last quarter. Proactive Wealth Strategies LLC grew its position in shares of CrowdStrike by 27.8% during the 1st quarter. Proactive Wealth Strategies LLC now owns 2,894 shares of the company's stock valued at $1,020,000 after acquiring an additional 630 shares during the period. Chevy Chase Trust Holdings LLC grew its position in shares of CrowdStrike by 51.3% during the 1st quarter. Chevy Chase Trust Holdings LLC now owns 186,434 shares of the company's stock valued at $65,733,000 after acquiring an additional 63,209 shares during the period. Petros Family Wealth LLC increased its stake in shares of CrowdStrike by 3.5% during the 1st quarter. Petros Family Wealth LLC now owns 2,345 shares of the company's stock worth $827,000 after purchasing an additional 79 shares during the last quarter. Finally, YHB Investment Advisors Inc. bought a new stake in shares of CrowdStrike in the 1st quarter worth approximately $220,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. KeyCorp lowered their price objective on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 5th. Roth Capital boosted their target price on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Truist Financial reiterated a "buy" rating and set a $500.00 target price (up from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Royal Bank Of Canada increased their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average target price of $453.88.

Insider Transactions at CrowdStrike

In related news, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the transaction, the director now owns 62,891 shares in the company, valued at $22,613,716.87. This trade represents a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 255,821 shares of company stock worth $115,966,659. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 1.2%

CrowdStrike stock traded down $5.89 during midday trading on Friday, reaching $499.33. The stock had a trading volume of 3,464,614 shares, compared to its average volume of 4,797,111. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $506.35. The stock has a market capitalization of $124.46 billion, a PE ratio of -723.67 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 stock's 50-day simple moving average is $452.08 and its 200 day simple moving average is $401.30.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.93 earnings per share. 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.