LexAurum Advisors LLC Buys Shares of 825 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LexAurum Advisors LLC purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 825 shares of the company’s stock, valued at approximately $291,000.

A number of other hedge funds have also modified their holdings of CRWD. FPC Investment Advisory Inc. raised its position in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares in the last quarter. Crowley Wealth Management Inc. acquired a new stake in CrowdStrike in the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new position in CrowdStrike in the fourth quarter worth approximately $34,000. ST Germain D J Co. Inc. grew its holdings in CrowdStrike by 426.3% during the 1st 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. Finally, Bellwether Advisors LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $37,000. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Up 1.2%

CRWD opened at $468.41 on Monday. The business has a 50 day simple moving average of $415.18 and a 200-day simple moving average of $388.50. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $491.20. The stock has a market capitalization of $116.11 billion, a P/E ratio of 918.47, a P/E/G ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts’ consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. CrowdStrike’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.93 earnings per share. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CRWD has been the subject of several recent analyst reports. Morgan Stanley lifted their price objective on shares of CrowdStrike from $455.00 to $490.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Wells Fargo & Company lifted their price target on CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. UBS Group reaffirmed a “buy” rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Piper Sandler raised their target price on CrowdStrike from $400.00 to $505.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Finally, Sanford C. Bernstein downgraded CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 price target for the company. in a report on Friday. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $450.43.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $484.59, for a total transaction of $3,028,687.50. Following the sale, the director now owns 755,592 shares in the company, valued at approximately $366,152,327.28. This represents a 0.82% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total value of $4,890,000.00. Following the transaction, the director now directly owns 29,500 shares of the company’s stock, valued at $14,425,500. The trade was a 25.32% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 211,681 shares of company stock worth $87,081,236. 3.32% of the stock is owned by corporate insiders.

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.