538 Shares in CrowdStrike (NASDAQ:CRWD) Bought by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. acquired a new stake in shares of CrowdStrike (NASDAQ:CRWD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 538 shares of the company’s stock, valued at approximately $190,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. lifted its holdings 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 valued at $27,000 after buying an additional 58 shares during the last quarter. Sound Income Strategies LLC raised its position in 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 acquiring an additional 38 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in CrowdStrike during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. grew its position in 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 acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling

In related news, CEO George Kurtz sold 17,525 shares of the company’s stock in a transaction dated Monday, June 23rd. The shares were sold at an average price of $477.62, for a total transaction of $8,370,290.50. Following the transaction, the chief executive officer owned 2,175,154 shares in the company, valued at $1,038,897,053.48. This represents a 0.80% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Roxanne S. Austin sold 9,447 shares of the business’s stock in a transaction dated Tuesday, July 1st. The stock was 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 directly owned 18,858 shares of the company’s stock, valued at approximately $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 a total of 255,821 shares of company stock valued at $117,495,993 in the last 90 days. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Stock Performance

NASDAQ CRWD opened at $496.10 on Thursday. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $516.62. The company has a 50 day moving average of $459.69 and a 200-day moving average of $404.06. 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 firm has a market cap of $123.65 billion, a price-to-earnings ratio of -718.99 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period in the prior year, the company earned $0.93 EPS. CrowdStrike’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, equities analysts forecast that CrowdStrike will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. KeyCorp cut their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Jefferies Financial Group increased their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Wells Fargo & Company boosted their price target on CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, June 2nd. UBS Group reiterated a “buy” rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Finally, 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 report on Tuesday, June 10th. 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 company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $453.88.

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.