Rappaport Reiches Capital Management LLC Invests $224,000 in CrowdStrike (NASDAQ:CRWD)

Rappaport Reiches Capital Management LLC acquired a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 636 shares of the company's stock, valued at approximately $224,000.

A number of other large investors also recently modified their holdings of CRWD. FPC Investment Advisory Inc. raised its holdings in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after acquiring an additional 73 shares during the period. Sound Income Strategies LLC grew its position in shares of CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares in the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. Millstone Evans Group LLC bought a new stake in CrowdStrike during the 4th quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. raised its stake in 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 purchasing an additional 81 shares during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on CRWD. Raymond James Financial reaffirmed an "outperform" rating and set a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. KeyCorp dropped their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. JMP Securities reiterated a "market outperform" rating and issued a $500.00 price target on shares of CrowdStrike in a report on Wednesday, June 4th. Rosenblatt Securities boosted their price target on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research note on Monday, June 2nd. Finally, Barclays set a $500.00 price objective on CrowdStrike in a research report on Tuesday, June 3rd. Two 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 stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $453.17.

Insider Activity

In other news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $359.57, for a total transaction of $3,595,700.00. Following the transaction, the director now owns 62,891 shares in the company, valued at approximately $22,613,716.87. This represents a 13.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 240,821 shares of company stock worth $108,501,609. Company insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 1.8%

Shares of NASDAQ:CRWD traded up $8.71 during trading on Wednesday, reaching $494.09. 2,951,905 shares of the company were exchanged, compared to its average volume of 4,797,633. The business's fifty day simple moving average is $444.73 and its 200-day simple moving average is $398.54. 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 has a 12-month low of $200.81 and a 12-month high of $500.15. The firm has a market capitalization of $123.15 billion, a PE ratio of -716.07 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate 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 positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. During the same period last year, the business posted $0.93 EPS. On average, research analysts anticipate 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.