Sterling Investment Counsel LLC Invests $242,000 in CrowdStrike (NASDAQ:CRWD)

Sterling Investment Counsel LLC acquired a new position in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 686 shares of the company's stock, valued at approximately $242,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Primoris Wealth Advisors LLC bought a new position in shares of CrowdStrike during the 4th quarter worth approximately $2,166,000. OLD National Bancorp IN bought a new position in CrowdStrike in the 1st quarter valued at $248,000. Arcadia Investment Management Corp MI raised its position in CrowdStrike by 30.8% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Trifecta Capital Advisors LLC raised its position in CrowdStrike by 2,140.3% in the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Finally, Delta Financial Group Inc. bought a new position in CrowdStrike in the 4th quarter valued at $336,000. Institutional investors own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the subject of several research reports. 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. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Mizuho lifted their target price on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. Finally, DA Davidson lifted their target price on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $453.17.

CrowdStrike Stock Up 3.3%

NASDAQ CRWD traded up $15.51 during trading hours on Monday, hitting $491.81. 4,415,151 shares of the company traded hands, compared to its average volume of 4,805,677. The business's 50-day moving average is $442.88 and its 200-day moving average is $397.93. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $494.90. 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 stock has a market capitalization of $122.58 billion, a price-to-earnings ratio of -712.77 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly 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 firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the firm posted $0.93 earnings per share. The business's quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total value 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 trade represents a 13.72% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 197,060 shares of company stock valued at $87,750,868. Insiders own 3.32% of the company's stock.

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.