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1,156 Shares in CrowdStrike (NASDAQ:CRWD) Acquired by Readystate Asset Management LP

CrowdStrike logo with Computer and Technology background

Readystate Asset Management LP purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,156 shares of the company's stock, valued at approximately $408,000.

Several other large investors have also recently bought and sold shares of the business. NCP Inc. increased its position in CrowdStrike by 27.4% in the 1st quarter. NCP Inc. now owns 7,200 shares of the company's stock worth $2,539,000 after purchasing an additional 1,550 shares during the last quarter. Somerville Kurt F increased its holdings in shares of CrowdStrike by 94.9% during the 1st quarter. Somerville Kurt F now owns 5,491 shares of the company's stock valued at $1,936,000 after acquiring an additional 2,674 shares during the last quarter. Proficio Capital Partners LLC increased its holdings in shares of CrowdStrike by 6.9% during the 1st quarter. Proficio Capital Partners LLC now owns 793 shares of the company's stock valued at $280,000 after acquiring an additional 51 shares during the last quarter. KLP Kapitalforvaltning AS increased its holdings in shares of CrowdStrike by 7.1% during the 1st quarter. KLP Kapitalforvaltning AS now owns 84,790 shares of the company's stock valued at $29,895,000 after acquiring an additional 5,640 shares during the last quarter. Finally, Guidance Capital Inc. bought a new stake in CrowdStrike during the 1st quarter valued at approximately $221,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CRWD. Canaccord Genuity Group restated a "hold" rating and set a $475.00 target price (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Barclays set a $500.00 target price on CrowdStrike in a report on Tuesday, June 3rd. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Cantor Fitzgerald lifted their target price on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Finally, The Goldman Sachs Group lifted their target price on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research note on Tuesday, June 10th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and a consensus target price of $461.17.

Read Our Latest Report on CrowdStrike

Insider Buying and Selling

In other news, CEO George Kurtz sold 55,556 shares of the company's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer owned 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $436.88, for a total value of $6,990,080.00. Following the completion of the transaction, the chief financial officer directly owned 249,653 shares in the company, valued at $109,068,402.64. The trade was a 6.02% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 241,820 shares of company stock valued at $113,297,985 in the last ninety days. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

NASDAQ:CRWD traded up $0.51 on Thursday, hitting $462.03. The company's stock had a trading volume of 2,481,262 shares, compared to its average volume of 2,716,285. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $477.32 and a two-hundred day moving average of $417.96. The firm has a market capitalization of $115.16 billion, a P/E ratio of -669.61 and a beta of 1.16. CrowdStrike has a one year low of $200.81 and a one year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its 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. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. 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 prior year, the business earned $0.93 earnings per share. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. Research analysts predict that CrowdStrike will post 0.55 earnings per share for the current year.

CrowdStrike Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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