Nicholas Hoffman & Company LLC. Takes $202,000 Position in CrowdStrike (NASDAQ:CRWD)

Nicholas Hoffman & Company LLC. purchased a new position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 574 shares of the company's stock, valued at approximately $202,000.

A number of other institutional investors have also added to or reduced their stakes in CRWD. FSA Wealth Management LLC lifted its position in shares of CrowdStrike by 11.2% during the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after acquiring an additional 23 shares in the last quarter. Tradewinds Capital Management LLC raised its stake in shares of CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock valued at $51,000 after purchasing an additional 25 shares during the period. Close Asset Management Ltd lifted its holdings in CrowdStrike by 23.8% during the 1st quarter. Close Asset Management Ltd now owns 130 shares of the company's stock worth $46,000 after purchasing an additional 25 shares in the last quarter. Ramirez Asset Management Inc. lifted its holdings in CrowdStrike by 5.9% during the 1st quarter. Ramirez Asset Management Inc. now owns 450 shares of the company's stock worth $159,000 after purchasing an additional 25 shares in the last quarter. Finally, Stratos Wealth Advisors LLC boosted its stake in CrowdStrike by 0.9% in the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after purchasing an additional 26 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD opened at $451.69 on Thursday. The company has a 50-day moving average price of $478.55 and a 200-day moving average price of $424.30. The company has a market cap of $112.58 billion, a price-to-earnings ratio of -654.62 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. CrowdStrike has a 12 month low of $229.72 and a 12 month high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.93 earnings per share. As a group, equities analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the transaction, the director owned 774,761 shares in the company, valued at $346,387,895.49. The trade was a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Johanna Flower sold 2,073 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $474.21, for a total transaction of $983,037.33. Following the completion of the sale, the director owned 81,383 shares of the company's stock, valued at $38,592,632.43. This trade represents a 2.48% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC increased their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Oppenheimer increased their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Cfra restated a "hold" rating and set a $555.00 price target (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. DA Davidson increased their price objective on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Finally, Truist Financial reissued a "buy" rating and set a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $461.17.

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.

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