Aveo Capital Partners LLC Purchases Shares of 646 CrowdStrike (NASDAQ:CRWD)

Aveo Capital Partners LLC purchased a new stake in shares of CrowdStrike (NASDAQ:CRWD) in the 1st quarter, Holdings Channel reports. The institutional investor purchased 646 shares of the company’s stock, valued at approximately $228,000.

Other hedge funds have also bought and sold shares of the company. Cloud Capital Management LLC bought a new position in shares of CrowdStrike in the first quarter worth about $25,000. Atlantic Edge Private Wealth Management LLC boosted its stake in shares of 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 acquiring an additional 40 shares during the period. Vision Financial Markets LLC bought a new position in shares of CrowdStrike in the first quarter worth about $26,000. E Fund Management Hong Kong Co. Ltd. boosted its stake in shares of 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 acquiring an additional 58 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of CrowdStrike in the first quarter worth about $30,000. Institutional investors own 71.16% of the company’s stock.

CrowdStrike Stock Down 0.1%

Shares of NASDAQ:CRWD opened at $424.49 on Monday. CrowdStrike has a 52-week low of $235.60 and a 52-week high of $517.98. The stock has a market cap of $105.80 billion, a P/E ratio of -615.20 and a beta of 1.13. The business’s 50 day moving average is $477.04 and its 200 day moving average is $425.84. 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 (NASDAQ:CRWD) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the prior year, the firm earned $0.93 earnings per share. CrowdStrike’s revenue was up 19.8% compared to the same quarter last year. Sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on CRWD shares. Morgan Stanley reissued an “equal weight” rating and set a $495.00 price target (up from $490.00) on shares of CrowdStrike in a research note on Monday, July 14th. The Goldman Sachs Group increased their price target on CrowdStrike from $389.00 to $530.00 and gave the company a “buy” rating in a research note on Tuesday, June 10th. Truist Financial reissued a “buy” rating and set a $500.00 price target (up from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Royal Bank Of Canada increased their price target on CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Finally, Bank of America reissued a “neutral” rating and set a $470.00 price target (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $461.17.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Friday, August 1st. The stock was sold at an average price of $447.09, for a total transaction of $2,794,312.50. Following the sale, the director owned 774,761 shares of the company’s stock, valued at approximately $346,387,895.49. This trade represents a 0.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Burt W. Podbere sold 11,883 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 231,130 shares in the company, valued at $105,272,781.10. This trade represents a 4.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 214,414 shares of company stock worth $101,484,738. 3.32% of the stock is currently owned by company insiders.

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.