Alpine Bank Wealth Management Acquires New Shares in CrowdStrike (NASDAQ:CRWD)

Alpine Bank Wealth Management acquired a new position in shares of CrowdStrike (NASDAQ:CRWD) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 245 shares of the company’s stock, valued at approximately $86,000.

Other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of CrowdStrike by 44.9% in the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after acquiring an additional 2,417 shares during the period. Wealthspire Advisors LLC lifted its stake in CrowdStrike by 29.7% in the 4th quarter. Wealthspire Advisors LLC now owns 1,916 shares of the company’s stock worth $656,000 after purchasing an additional 439 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in CrowdStrike in the 4th quarter valued at $122,000. Y Intercept Hong Kong Ltd purchased a new position in shares of CrowdStrike during the 4th quarter valued at $649,000. Finally, Rothschild Investment LLC grew its position in shares of CrowdStrike by 169.5% during the 4th quarter. Rothschild Investment LLC now owns 221 shares of the company’s stock valued at $76,000 after purchasing an additional 139 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CAO Anurag Saha sold 2,227 shares of the firm’s stock in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $471.20, for a total transaction of $1,049,362.40. Following the completion of the transaction, the chief accounting officer now owns 43,019 shares of the company’s stock, valued at approximately $20,270,552.80. This trade represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of the business’s stock in a transaction that occurred on 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 directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 240,821 shares of company stock valued at $108,501,609. 3.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CRWD shares. JMP Securities reissued a “market outperform” rating and set a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday, June 4th. Roth Capital raised their price target on CrowdStrike from $410.00 to $420.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. KeyCorp cut their price objective on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a report on Wednesday, March 5th. BTIG Research restated a “buy” rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Finally, Needham & Company LLC lifted their target price on shares of CrowdStrike from $420.00 to $530.00 and gave the company a “buy” rating in a research report 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $453.88.

CrowdStrike Stock Up 1.8%

Shares of NASDAQ CRWD opened at $494.09 on Thursday. The firm has a fifty day simple moving average of $447.02 and a two-hundred day simple moving average of $399.20. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $500.41. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $123.15 billion, a PE ratio of -716.07 and a beta of 1.16.

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

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.