LRI Investments LLC Acquires 298 Shares of CrowdStrike (NASDAQ:CRWD)

by · The Cerbat Gem

LRI Investments LLC boosted its holdings in shares of CrowdStrike (NASDAQ:CRWD – Free Report) by 65.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 753 shares of the company’s stock after acquiring an additional 298 shares during the period. LRI Investments LLC’s holdings in CrowdStrike were worth $265,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of CRWD. Cloud Capital Management LLC purchased a new position in shares of CrowdStrike during the first quarter valued at approximately $25,000. Atlantic Edge Private Wealth Management LLC raised its stake in CrowdStrike by 114.3% during the first quarter. Atlantic Edge Private Wealth Management LLC now owns 75 shares of the company’s stock valued at $26,000 after buying an additional 40 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. boosted its holdings in 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 in the last quarter. Sound Income Strategies LLC grew its stake in shares of CrowdStrike by 77.6% in the first quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock worth $31,000 after acquiring an additional 38 shares during the last quarter. Finally, Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the fourth quarter worth $34,000. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CFO Burt W. Podbere sold 16,000 shares of the firm’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the transaction, the chief financial officer owned 249,653 shares in the company, valued at $109,068,402.64. This trade represents a 6.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction that occurred on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the sale, the director directly owned 18,858 shares in the company, valued at approximately $9,385,060.86. The trade was a 44.30% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 253,221 shares of company stock worth $117,687,463. Insiders own 3.32% of the company’s stock.

CrowdStrike Trading Down 1.8%

CRWD stock opened at $478.45 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $517.98. The business has a 50 day simple moving average of $470.20 and a two-hundred day simple moving average of $411.35. The company has a market capitalization of $119.25 billion, a price-to-earnings ratio of -693.41 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD – Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Research analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. BTIG Research reiterated a “buy” rating on shares of CrowdStrike in a research note on Thursday, May 22nd. Stephens raised their price target on shares of CrowdStrike from $450.00 to $540.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. BMO Capital Markets upped their price target on CrowdStrike from $405.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Piper Sandler downgraded CrowdStrike from an “overweight” rating to a “neutral” rating and set a $505.00 price objective for the company. in a report on Monday, July 7th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, seventeen have given a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus price target of $456.29.

Get Our Latest Research Report on CrowdStrike

CrowdStrike Company Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding CRWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CrowdStrike (NASDAQ:CRWD – Free Report).