Aspetuck Financial Management LLC Invests $396,000 in CrowdStrike (NASDAQ:CRWD)

Aspetuck Financial Management LLC purchased a new position in CrowdStrike (NASDAQ:CRWD) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,122 shares of the company’s stock, valued at approximately $396,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of CRWD. Brighton Jones LLC lifted its position in CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company’s stock valued at $2,670,000 after purchasing an additional 2,417 shares in the last quarter. Wealthspire Advisors LLC lifted its position in CrowdStrike by 29.7% during the fourth quarter. Wealthspire Advisors LLC now owns 1,916 shares of the company’s stock valued at $656,000 after purchasing an additional 439 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new position in CrowdStrike during the fourth quarter valued at $122,000. Y Intercept Hong Kong Ltd purchased a new position in CrowdStrike during the fourth quarter valued at $649,000. Finally, Rothschild Investment LLC lifted its position in CrowdStrike by 169.5% during the fourth 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. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO George Kurtz sold 17,525 shares of the stock in a transaction that occurred on Monday, June 23rd. The stock was sold at an average price of $477.62, for a total value of $8,370,290.50. Following the transaction, the chief executive officer now owns 2,175,154 shares of the company’s stock, valued at $1,038,897,053.48. This represents a 0.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,768 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $491.77, for a total value of $869,449.36. Following the completion of the transaction, the chief accounting officer now directly owns 41,251 shares in the company, valued at approximately $20,286,004.27. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 240,821 shares of company stock valued at $108,501,609. 3.32% of the stock is currently owned by insiders.

Analyst Ratings Changes

CRWD has been the topic of several analyst reports. Citigroup reiterated an “outperform” rating on shares of CrowdStrike in a research report on Monday, May 5th. Susquehanna lifted their target price on CrowdStrike from $425.00 to $530.00 and gave the company a “positive” rating in a research report on Wednesday, June 4th. BTIG Research restated a “buy” rating on shares of CrowdStrike in a research report on Thursday, May 22nd. DZ Bank downgraded CrowdStrike from a “strong-buy” rating to a “strong sell” rating and set a $370.00 price objective on the stock. in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. boosted their price objective on CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $453.88.

CrowdStrike Trading Up 1.8%

Shares of NASDAQ CRWD opened at $494.09 on Thursday. The business’s 50 day moving average is $447.02 and its two-hundred day moving average is $399.20. 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 $500.41. The stock has a market capitalization of $123.15 billion, a P/E 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 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. As a group, research analysts expect that CrowdStrike will post 0.55 EPS for the current year.

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.