CrowdStrike (NASDAQ:CRWD) Shares Purchased by Mutual Advisors LLC

Mutual Advisors LLC grew its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 17.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,006 shares of the company's stock after purchasing an additional 892 shares during the quarter. Mutual Advisors LLC's holdings in CrowdStrike were worth $2,118,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after acquiring an additional 58 shares during the last quarter. Sound Income Strategies LLC boosted its position in shares of CrowdStrike by 77.6% during the 1st 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. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $34,000. Millstone Evans Group LLC acquired a new position in shares of CrowdStrike during the 4th quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. boosted its position in shares of CrowdStrike by 426.3% during the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after acquiring an additional 81 shares during the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Up 3.6%

CrowdStrike stock traded up $17.67 during mid-day trading on Friday, hitting $513.77. The company had a trading volume of 2,654,026 shares, compared to its average volume of 4,790,634. The stock has a market cap of $128.06 billion, a price-to-earnings ratio of -744.59 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $517.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $463.46 and a 200 day moving average of $406.27.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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 company had revenue of $1.10 billion for 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 firm's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.93 earnings per share. On average, sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO George Kurtz sold 17,525 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $477.62, for a total value of $8,370,290.50. Following the completion of the sale, the chief executive officer directly owned 2,175,154 shares of the company's stock, valued at approximately $1,038,897,053.48. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 10,714 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $469.49, for a total value of $5,030,115.86. Following the completion of the sale, the chief financial officer directly owned 239,008 shares of the company's stock, valued at $112,211,865.92. The trade was a 4.29% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 249,571 shares of company stock valued at $115,469,993. 3.32% of the stock is owned by insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of a number of research analyst reports. Susquehanna lifted their target price on CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday, June 4th. Stifel Nicolaus upped their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Rosenblatt Securities upped their target price on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Wedbush upped their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research report on Tuesday, June 3rd. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $453.88.

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.