von Borstel & Associates Inc. Makes New Investment in CrowdStrike (NASDAQ:CRWD)

von Borstel & Associates Inc. bought a new stake in CrowdStrike (NASDAQ:CRWD) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 137 shares of the company’s stock, valued at approximately $48,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. FSA Wealth Management LLC increased its stake in CrowdStrike by 11.2% in the fourth quarter. FSA Wealth Management LLC now owns 228 shares of the company’s stock valued at $78,000 after acquiring an additional 23 shares during the last quarter. Tradewinds Capital Management LLC boosted its holdings in shares of CrowdStrike by 20.8% in the 1st quarter. Tradewinds Capital Management LLC now owns 145 shares of the company’s stock valued at $51,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in shares of CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company’s stock valued at $675,000 after purchasing an additional 27 shares during the last quarter. Wintrust Investments LLC increased its stake in shares of CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company’s stock valued at $246,000 after purchasing an additional 29 shares during the last quarter. Finally, Greenwich Wealth Management LLC raised its holdings in shares of CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company’s stock worth $265,000 after buying an additional 30 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors and hedge funds.

CrowdStrike Trading Up 3.6%

CRWD opened at $513.77 on Friday. The company has a fifty day moving average price of $463.46 and a two-hundred day moving average price of $405.87. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The company has a market cap of $128.06 billion, a P/E ratio of -744.59 and a beta of 1.16. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21.

CrowdStrike (NASDAQ:CRWD) last issued 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. 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 during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the company posted $0.93 EPS. The firm’s revenue was up 19.8% compared to the same quarter last year. Analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays set a $500.00 price objective on CrowdStrike in a research note on Tuesday, June 3rd. Scotiabank raised their price target on shares of CrowdStrike from $370.00 to $480.00 and gave the company a “sector perform” rating in a research note on Wednesday, June 4th. Mizuho upped their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. DZ Bank lowered shares of CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 target price on the stock. in a research report on Thursday, May 22nd. Finally, Sanford C. Bernstein downgraded shares of 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, June 6th. Two 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 data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $453.88.

Insider Activity

In other CrowdStrike news, CEO George Kurtz sold 17,525 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer owned 2,175,154 shares in the company, valued at approximately $1,038,897,053.48. The trade was a 0.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Burt W. Podbere sold 10,714 shares of the company’s stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $469.49, for a total transaction of $5,030,115.86. Following the transaction, the chief financial officer owned 239,008 shares in the company, valued at approximately $112,211,865.92. The trade was a 4.29% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 249,571 shares of company stock valued at $115,469,993. Corporate 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.