CrowdStrike (NASDAQ:CRWD) is RWQ Financial Management Services Inc.'s 5th Largest Position

RWQ Financial Management Services Inc. lowered its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 28.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 33,622 shares of the company's stock after selling 13,103 shares during the period. CrowdStrike comprises about 7.8% of RWQ Financial Management Services Inc.'s investment portfolio, making the stock its 5th biggest holding. RWQ Financial Management Services Inc.'s holdings in CrowdStrike were worth $11,854,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CRWD. Cloud Capital Management LLC bought a new stake in CrowdStrike during the first quarter valued at about $25,000. Atlantic Edge Private Wealth Management LLC grew its holdings in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock valued at $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its holdings 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 period. Sound Income Strategies LLC grew its holdings in CrowdStrike by 77.6% during the first quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after purchasing an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. bought a new stake in CrowdStrike during the fourth quarter valued at about $34,000. Institutional investors own 71.16% of the company's stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $512.43, for a total transaction of $3,202,687.50. Following the sale, the director owned 781,011 shares of the company's stock, valued at approximately $400,213,466.73. This trade represents a 0.79% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total value of $4,843,004.55. Following the sale, the director directly owned 18,858 shares in the company, valued at $9,667,553.70. This trade represents a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 255,294 shares of company stock worth $118,670,500. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Trading Up 1.3%

NASDAQ:CRWD traded up $6.13 during midday trading on Friday, hitting $475.96. The stock had a trading volume of 2,901,063 shares, compared to its average volume of 4,755,359. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. The company has a market capitalization of $118.63 billion, a price-to-earnings ratio of -689.80 and a beta of 1.16. The stock has a 50-day moving average of $473.24 and a 200 day moving average of $413.85. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced 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 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 analysts' expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. As a group, sell-side analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CRWD shares. Roth Capital boosted their price objective on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Scotiabank boosted their price objective on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a research report on Wednesday, June 4th. Wells Fargo & Company boosted their price objective on CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research report on Monday, June 2nd. Barclays set a $500.00 price objective on CrowdStrike in a research report on Tuesday, June 3rd. Finally, Cfra restated a "hold" rating and issued a $555.00 price objective (up from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Two equities research analysts have 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 data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average price target of $456.60.

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.