Stonebridge Financial Group LLC Raises Position in CrowdStrike (NASDAQ:CRWD)

Stonebridge Financial Group LLC raised its holdings in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 220.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 933 shares of the company's stock after buying an additional 642 shares during the period. Stonebridge Financial Group LLC's holdings in CrowdStrike were worth $329,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. E Fund Management Hong Kong Co. Ltd. grew its position in CrowdStrike by 305.3% during the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock worth $27,000 after acquiring an additional 58 shares during the last quarter. Sound Income Strategies LLC boosted its stake 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 purchasing an additional 38 shares during the period. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC bought a new position in shares of CrowdStrike in the fourth quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. grew its holdings in shares of CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after purchasing an additional 81 shares during the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on CRWD shares. BMO Capital Markets increased their price target on shares of CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Canaccord Genuity Group reissued a "hold" rating and issued a $475.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. The Goldman Sachs Group upped their price target on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Royal Bank Of Canada increased their price objective on CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Rosenblatt Securities boosted their target price on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research note on Monday, June 2nd. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and an average target price of $453.88.

CrowdStrike Trading Down 1.2%

Shares of NASDAQ CRWD opened at $499.33 on Monday. The firm's 50 day moving average price is $452.08 and its 200-day moving average price is $401.81. CrowdStrike has a 52-week low of $200.81 and a 52-week high of $506.35. 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 company has a market cap of $124.46 billion, a PE ratio of -723.67 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. On average, equities research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Sameer K. Gandhi sold 6,250 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the sale, 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 SEC, which can be accessed through the SEC website. Also, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The stock was 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 now directly owns 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 255,821 shares of company stock worth $115,966,659. 3.32% of the stock is owned by corporate insiders.

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.

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