Morse Asset Management Inc Boosts Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Morse Asset Management Inc grew its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 12,884.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,246 shares of the company's stock after acquiring an additional 3,221 shares during the period. Morse Asset Management Inc's holdings in CrowdStrike were worth $1,144,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also made changes to their positions in the company. Cloud Capital Management LLC purchased a new stake in shares of CrowdStrike in the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC increased 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 during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its stake 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 acquiring an additional 58 shares during the last quarter. Sound Income Strategies LLC increased its position in CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after acquiring an additional 38 shares during the last quarter. Finally, Crowley Wealth Management Inc. bought a new position in CrowdStrike during the fourth quarter valued at $34,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 1.2%

CRWD traded up $5.62 during trading hours on Monday, reaching $481.58. The company's stock had a trading volume of 3,393,100 shares, compared to its average volume of 4,601,242. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $517.98. The stock has a market cap of $120.03 billion, a PE ratio of -697.94 and a beta of 1.16. The business's 50-day moving average is $474.54 and its 200-day moving average is $415.76. 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 (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 analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 earnings per share. As a group, equities research analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, Director Roxanne S. Austin sold 9,447 shares of the business's stock in a transaction 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 completion of the transaction, the director owned 18,858 shares in the company, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Johanna Flower sold 2,073 shares of the business's stock in a transaction on Tuesday, July 15th. The stock was 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 of the company's stock, valued at approximately $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 ninety days, insiders have sold 252,320 shares of company stock valued at $117,592,485. Insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Evercore ISI reaffirmed an "in-line" rating and issued a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Stephens increased their price objective on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Scotiabank increased their price objective on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a research note on Wednesday, June 4th. DA Davidson upped their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Truist Financial restated a "buy" rating and set a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $460.93.

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.