SteelPeak Wealth LLC Buys 3,258 Shares of CrowdStrike (NASDAQ:CRWD)

SteelPeak Wealth LLC lifted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 21.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,374 shares of the company's stock after buying an additional 3,258 shares during the period. SteelPeak Wealth LLC's holdings in CrowdStrike were worth $6,478,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. FSA Wealth Management LLC grew its position in shares of CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares in the last quarter. Tradewinds Capital Management LLC grew its position in shares of CrowdStrike by 20.8% during the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company's stock worth $51,000 after purchasing an additional 25 shares in the last quarter. Stratos Wealth Advisors LLC grew its position in shares of CrowdStrike by 0.9% during the 1st quarter. Stratos Wealth Advisors LLC now owns 2,983 shares of the company's stock worth $1,052,000 after purchasing an additional 26 shares in the last quarter. Stratos Investment Management LLC grew its position in shares of CrowdStrike by 0.9% during the 1st quarter. Stratos Investment Management LLC now owns 3,203 shares of the company's stock worth $1,129,000 after purchasing an additional 27 shares in the last quarter. Finally, Wintrust Investments LLC grew its position in shares of CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after purchasing an additional 29 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the sale, the director directly owned 18,858 shares of the company's stock, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the completion of the sale, the chief executive officer directly owned 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 253,221 shares of company stock valued at $117,687,463 over the last three months. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Down 0.5%

NASDAQ CRWD traded down $2.27 during mid-day trading on Monday, reaching $476.18. 3,331,990 shares of the stock were exchanged, compared to its average volume of 4,774,208. CrowdStrike has a one year low of $200.81 and a one year high of $517.98. The stock has a 50 day simple moving average of $470.20 and a 200-day simple moving average of $411.35. The stock has a market cap of $118.69 billion, a P/E ratio of -690.12 and a beta of 1.16. 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 (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.93 earnings per share. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. On average, analysts anticipate that CrowdStrike will post 0.55 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports 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 report on Wednesday, June 4th. Wedbush lifted their price objective on shares of CrowdStrike from $475.00 to $525.00 and gave the company an "outperform" rating in a research note on Tuesday, June 3rd. Sanford C. Bernstein cut shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective on the stock. in a research note on Friday, June 6th. DA Davidson lifted their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Finally, Wells Fargo & Company lifted their price objective on shares of CrowdStrike from $430.00 to $550.00 and gave the company an "overweight" rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $456.40.

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.