Apexium Financial LP lifted its position in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 1.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,284 shares of the company’s stock after buying an additional 28 shares during the period. Apexium Financial LP’s holdings in CrowdStrike were worth $805,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cloud Capital Management LLC acquired a new position in shares of CrowdStrike during the first quarter worth about $25,000. Vision Financial Markets LLC acquired a new position in shares of CrowdStrike during the first quarter worth about $26,000. Atlantic Edge Private Wealth Management LLC boosted its position in shares of CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock worth $26,000 after buying an additional 40 shares during the period. E Fund Management Hong Kong Co. Ltd. boosted its position in shares of CrowdStrike by 305.3% during the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after buying an additional 58 shares during the period. Finally, Neo Ivy Capital Management acquired a new position in shares of CrowdStrike during the first quarter worth about $30,000. 71.16% of the stock is owned by institutional investors and hedge funds.
CrowdStrike Stock Performance
Shares of NASDAQ CRWD opened at $420.55 on Monday. 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 stock has a 50 day moving average price of $467.34 and a 200 day moving average price of $427.61. The stock has a market capitalization of $104.82 billion, a PE ratio of -609.49 and a beta of 1.13. CrowdStrike has a 52 week low of $242.25 and a 52 week high of $517.98.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the company. Bank of America reaffirmed a “neutral” rating and set a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Cantor Fitzgerald upped their price objective on CrowdStrike from $440.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Evercore ISI reduced their price target on CrowdStrike from $440.00 to $425.00 and set an “in-line” rating for the company in a research report on Monday, August 18th. Susquehanna increased their price target on CrowdStrike from $425.00 to $530.00 and gave the company a “positive” rating in a research report on Wednesday, June 4th. Finally, Raymond James Financial reissued an “outperform” rating and set a $485.00 price target (up from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Twenty-six analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $460.81.
Get Our Latest Analysis on CrowdStrike
Insider Transactions at CrowdStrike
In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $447.09, for a total value of $2,794,312.50. Following the sale, the director owned 774,761 shares in the company, valued at $346,387,895.49. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Burt W. Podbere sold 11,883 shares of the company’s stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $455.47, for a total value of $5,412,350.01. Following the completion of the sale, the chief financial officer owned 231,130 shares in the company, valued at $105,272,781.10. This represents a 4.89% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 214,414 shares of company stock valued at $101,484,738. Company insiders own 3.32% of the company’s stock.
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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