CrowdStrike (NASDAQ:CRWD) Shares Acquired by Atlantic Edge Private Wealth Management LLC

Atlantic Edge Private Wealth Management LLC raised its stake in shares of CrowdStrike (NASDAQ:CRWD) by 114.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 75 shares of the company’s stock after acquiring an additional 40 shares during the period. Atlantic Edge Private Wealth Management LLC’s holdings in CrowdStrike were worth $26,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. increased 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 purchasing an additional 58 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock valued at $31,000 after buying an additional 38 shares during the period. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new position in CrowdStrike during the fourth quarter worth $34,000. Finally, ST Germain D J Co. Inc. grew its holdings in CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock worth $35,000 after acquiring an additional 81 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at CrowdStrike

In related news, CEO George Kurtz sold 17,525 shares of the stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $477.62, for a total value of $8,370,290.50. Following the transaction, the chief executive officer directly owned 2,175,154 shares in the company, valued at $1,038,897,053.48. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $512.65, for a total transaction of $4,843,004.55. Following the completion of the transaction, the director owned 18,858 shares in the company, valued at $9,667,553.70. This represents a 33.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 249,571 shares of company stock valued at $115,469,993 over the last three months. Insiders own 3.32% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Evercore ISI reaffirmed an “in-line” rating and set a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. BMO Capital Markets upped their price objective on CrowdStrike from $405.00 to $500.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Stifel Nicolaus upped their price objective on CrowdStrike from $480.00 to $495.00 and gave the stock a “buy” rating in a report on Wednesday, June 4th. DZ Bank lowered CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 price objective on the stock. in a report on Thursday, May 22nd. Finally, Morgan Stanley upped their price objective on CrowdStrike from $455.00 to $490.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $453.88.

CrowdStrike Price Performance

Shares of CrowdStrike stock opened at $513.77 on Friday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $128.06 billion, a price-to-earnings ratio of -744.59 and a beta of 1.16. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The firm’s 50-day moving average price is $463.46 and its two-hundred day moving average price is $406.27.

CrowdStrike (NASDAQ:CRWD) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the prior year, the firm earned $0.93 earnings per share. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, equities analysts predict that CrowdStrike will post 0.55 earnings per share for the current fiscal 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.