Nicholas Hoffman & Company LLC. Purchases New Shares in CrowdStrike (NASDAQ:CRWD)

Key Points

• Nicholas Hoffman & Company LLC has acquired 574 shares of CrowdStrike (NASDAQ:CRWD) during the first quarter, valued at approximately $202,000, indicating institutional interest in the stock.
• Wall Street analysts are bullish on CrowdStrike, with multiple firms reiterating a "buy" rating and raising price targets, suggesting a consensus price target of $461.17.
• Recent insider sales, including significant transactions by a director and CFO, have occurred, with insiders selling a total of 214,414 shares valued at over $101 million in the last three months.

Nicholas Hoffman & Company LLC. acquired a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 574 shares of the company's stock, valued at approximately $202,000.

Other institutional investors also recently bought and sold shares of the company. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike during the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC increased its stake in shares of 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 period. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike during the first quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. increased its stake in shares of 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 period. Finally, Neo Ivy Capital Management acquired a new position in shares of CrowdStrike during the first quarter worth about $30,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, August 1st. The shares were sold at an average price of $447.09, for a total value of $2,794,312.50. Following the completion of the sale, the director owned 774,761 shares of the company's stock, valued at $346,387,895.49. 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 is available at this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $455.47, for a total transaction of $5,412,350.01. Following the completion of the sale, the chief financial officer directly owned 231,130 shares of the company's stock, valued at $105,272,781.10. The trade was a 4.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,414 shares of company stock valued at $101,484,738. 3.32% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Roth Capital boosted their price target on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Needham & Company LLC boosted their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Susquehanna upped their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research report on Wednesday, June 4th. Mizuho upped their target price on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 4th. Finally, Macquarie assumed coverage on shares of CrowdStrike in a research report on Thursday, July 17th. They set a "neutral" rating and a $465.00 target price on the stock. One research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

CrowdStrike Trading Down 0.1%

NASDAQ:CRWD traded down $0.51 during trading hours on Friday, reaching $424.49. 3,626,057 shares of the company were exchanged, compared to its average volume of 2,718,355. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The firm has a market cap of $105.80 billion, a price-to-earnings ratio of -615.20 and a beta of 1.13. CrowdStrike has a 52-week low of $235.60 and a 52-week high of $517.98. The stock has a 50 day simple moving average of $477.04 and a 200 day simple moving average of $425.50.

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