Paragon Capital Management Inc. Invests $737,000 in CrowdStrike (NASDAQ:CRWD)

Paragon Capital Management Inc. purchased a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 2,091 shares of the company's stock, valued at approximately $737,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. 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 valued at $27,000 after purchasing an additional 58 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares during the period. Crowley Wealth Management Inc. acquired a new position in shares of CrowdStrike in the 4th quarter valued at about $34,000. Millstone Evans Group LLC bought a new stake in shares of CrowdStrike during the 4th quarter valued at about $34,000. Finally, ST Germain D J Co. Inc. raised its stake in CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after acquiring an additional 81 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Trading Up 2.3%

Shares of CRWD stock opened at $505.22 on Friday. The firm has a market capitalization of $125.93 billion, a P/E ratio of -732.20 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $508.04. The firm's fifty day simple moving average is $449.61 and its 200 day simple moving average is $400.24. 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 (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The business's revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Raymond James Financial reissued an "outperform" rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. Mizuho boosted their price objective on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Needham & Company LLC upped their price objective on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus increased their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two equities research 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 company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $453.88.

Insider Transactions at CrowdStrike

In related news, CAO Anurag Saha sold 1,768 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total value of $869,449.36. Following the sale, the chief accounting officer now owns 41,251 shares of the company's stock, valued at $20,286,004.27. The trade was a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Gerhard Watzinger sold 2,600 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $378.93, for a total transaction of $985,218.00. Following the transaction, the director now owns 60,291 shares of the company's stock, valued at approximately $22,846,068.63. This represents a 4.13% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 240,821 shares of company stock valued at $108,501,609. 3.32% of the stock is owned by corporate insiders.

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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