Sowell Financial Services LLC Invests $1.63 Million in CrowdStrike (NASDAQ:CRWD)

Sowell Financial Services LLC purchased a new position in shares of CrowdStrike (NASDAQ:CRWD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 4,623 shares of the company’s stock, valued at approximately $1,630,000.

Other institutional investors also recently bought and sold shares of the company. FPC Investment Advisory Inc. lifted its stake in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock worth $31,000 after buying an additional 38 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. lifted its position in CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock valued at $35,000 after acquiring an additional 81 shares during the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Roxanne S. Austin sold 10,000 shares of CrowdStrike stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $482.50, for a total value of $4,825,000.00. Following the completion of the sale, the director now owns 18,297 shares of the company’s stock, valued at $8,828,302.50. This trade represents a 35.34% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 257,861 shares of company stock valued at $109,595,558. Company insiders own 3.32% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. DA Davidson boosted their target price on CrowdStrike from $415.00 to $530.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Rosenblatt Securities boosted their price objective on CrowdStrike from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Monday, June 2nd. Sanford C. Bernstein cut CrowdStrike from an “outperform” rating to a “market perform” rating and set a $371.00 price objective for the company. in a research note on Friday, June 6th. Finally, Susquehanna boosted their price objective on CrowdStrike from $425.00 to $530.00 and gave the company a “positive” rating in a research note on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $453.17.

CrowdStrike Stock Performance

CrowdStrike stock opened at $492.03 on Wednesday. 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 fifty day moving average of $434.17 and a two-hundred day moving average of $394.15. The company has a market capitalization of $122.64 billion, a price-to-earnings ratio of -713.09 and a beta of 1.16. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $493.20.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 EPS. On average, analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

About CrowdStrike

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.