Stratos Wealth Partners LTD. Buys 1,950 Shares of CrowdStrike (NASDAQ:CRWD)

Stratos Wealth Partners LTD. raised its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 13.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,873 shares of the company's stock after buying an additional 1,950 shares during the quarter. Stratos Wealth Partners LTD.'s holdings in CrowdStrike were worth $5,949,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cloud Capital Management LLC acquired a new stake in shares of CrowdStrike during the 1st quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its position in shares of CrowdStrike by 114.3% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company's stock worth $26,000 after purchasing an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its position in shares of 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 purchasing an additional 58 shares during the period. Sound Income Strategies LLC raised its position in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the period. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CRWD has been the topic of a number of research reports. Cantor Fitzgerald increased their price target on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Roth Capital raised their target price on CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group raised their target price on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. JMP Securities restated a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Oppenheimer raised their target price on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $456.29.

Insider Activity

In related news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike 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 completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of CrowdStrike 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 of the company's stock, valued at approximately $9,667,553.70. The trade was a 33.38% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 255,821 shares of company stock valued at $118,672,681. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Down 1.8%

Shares of CrowdStrike stock traded down $8.66 during midday trading on Friday, hitting $478.45. The company's stock had a trading volume of 3,377,761 shares, compared to its average volume of 4,779,966. The firm has a market capitalization of $119.25 billion, a P/E ratio of -693.41 and a beta of 1.16. The stock has a 50-day simple moving average of $470.20 and a 200-day simple moving average of $411.03. 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 has a 1-year low of $200.81 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The business had revenue of $1.10 billion during 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%. CrowdStrike's revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 earnings per share. As a group, sell-side analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

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.