Whitener Capital Management Inc. Purchases 2,275 Shares of CrowdStrike (NASDAQ:CRWD)

Whitener Capital Management Inc. increased its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 140.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,900 shares of the company's stock after buying an additional 2,275 shares during the quarter. Whitener Capital Management Inc.'s holdings in CrowdStrike were worth $1,375,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CRWD. Cloud Capital Management LLC acquired a new stake in CrowdStrike in the first quarter worth approximately $25,000. Atlantic Edge Private Wealth Management LLC lifted its position in CrowdStrike by 114.3% in the first 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. lifted its position in CrowdStrike by 305.3% in the first 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 lifted its position in CrowdStrike by 77.6% in the first 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 CrowdStrike in the fourth quarter worth approximately $34,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $8.66 during mid-day trading on Friday, reaching $478.45. The stock had a trading volume of 3,377,761 shares, compared to its average volume of 4,779,966. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $119.25 billion, a PE ratio of -693.41 and a beta of 1.16. The stock has a 50-day simple moving average of $470.20 and a two-hundred day simple moving average of $411.03.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for 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 company's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the business posted $0.93 earnings per share. On average, equities analysts anticipate that CrowdStrike will post 0.55 earnings per share for the current year.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CRWD shares. Truist Financial reiterated a "buy" rating and set a $500.00 price objective (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Royal Bank Of Canada increased their price objective on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Sanford C. Bernstein downgraded CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective for the company. in a research report on Friday, June 6th. The Goldman Sachs Group increased their price objective on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Finally, Stephens increased their price objective on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat, CrowdStrike has an average rating of "Moderate Buy" and a consensus target price of $456.29.

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.