Schear Investment Advisers LLC Has $2.54 Million Holdings in CrowdStrike (NASDAQ:CRWD)

Schear Investment Advisers LLC grew its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 13.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,199 shares of the company's stock after acquiring an additional 832 shares during the quarter. CrowdStrike accounts for 1.5% of Schear Investment Advisers LLC's portfolio, making the stock its 16th largest holding. Schear Investment Advisers LLC's holdings in CrowdStrike were worth $2,538,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CRWD. Cloud Capital Management LLC bought a new position in shares of CrowdStrike during the first quarter valued at $25,000. Atlantic Edge Private Wealth Management LLC lifted its holdings 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 valued at $26,000 after acquiring an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 valued at $27,000 after acquiring an additional 58 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of 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 acquiring an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. bought a new position in shares of CrowdStrike during the fourth quarter valued at $34,000. 71.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Cantor Fitzgerald lifted their price target on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Westpark Capital reaffirmed a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Stephens lifted their price target on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Bank of America reaffirmed a "neutral" rating and issued a $470.00 price target (up from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $500.00 price target (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and a consensus target price of $456.29.

Insider Activity

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president owned 422,204 shares in the company, valued at $201,391,308. This trade represents a 5.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 255,821 shares of company stock worth $118,672,681. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

CRWD traded down $8.66 during trading hours on Friday, reaching $478.45. The company's stock had a trading volume of 3,377,761 shares, compared to its average volume of 4,779,966. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $517.98. The company's 50-day moving average is $470.20 and its 200-day moving average is $411.03. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $119.25 billion, a PE ratio of -693.41 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company's quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 EPS. On average, equities analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

CrowdStrike Company 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.