Morling Financial Advisors LLC Has $395,000 Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Morling Financial Advisors LLC boosted its position in CrowdStrike (NASDAQ:CRWD) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,121 shares of the company’s stock after acquiring an additional 36 shares during the period. Morling Financial Advisors LLC’s holdings in CrowdStrike were worth $395,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new position in CrowdStrike during the fourth quarter worth about $1,111,542,000. Jennison Associates LLC boosted its holdings in CrowdStrike by 21.1% during the first quarter. Jennison Associates LLC now owns 6,565,275 shares of the company’s stock worth $2,314,785,000 after buying an additional 1,144,295 shares during the last quarter. GAMMA Investing LLC boosted its holdings in CrowdStrike by 50,536.2% during the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company’s stock worth $383,132,000 after buying an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC lifted its holdings in shares of CrowdStrike by 379.0% during the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company’s stock valued at $440,116,000 after purchasing an additional 1,017,678 shares in the last quarter. Finally, Voya Investment Management LLC lifted its holdings in shares of CrowdStrike by 43.5% during the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company’s stock valued at $657,106,000 after purchasing an additional 582,471 shares in the last quarter. Institutional investors own 71.16% of the company’s stock.

Analysts Set New Price Targets

CRWD has been the topic of a number of recent research reports. Cfra reissued a “hold” rating and issued a $555.00 target price (up previously from $517.00) on shares of CrowdStrike in a research report on Thursday, July 10th. Cantor Fitzgerald upped their price objective on CrowdStrike from $440.00 to $475.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Canaccord Genuity Group reiterated a “hold” rating and set a $475.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Royal Bank Of Canada boosted their target price on CrowdStrike from $500.00 to $510.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $495.00 target price (up from $490.00) on shares of CrowdStrike in a report on Monday, July 14th. One investment analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $461.17.

Insider Buying and Selling

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction on Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president owned 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the transaction, the director owned 18,858 shares of the company’s stock, valued at $9,385,060.86. The trade was a 44.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 241,820 shares of company stock worth $113,297,985 over the last quarter. Company insiders own 3.32% of the company’s stock.

CrowdStrike Trading Up 0.6%

CRWD traded up $2.60 on Thursday, hitting $464.12. 676,313 shares of the company were exchanged, compared to its average volume of 3,823,611. The firm has a fifty day simple moving average of $476.71 and a two-hundred day simple moving average of $417.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. CrowdStrike has a 12 month low of $200.81 and a 12 month high of $517.98. The stock has a market capitalization of $115.68 billion, a PE ratio of -673.49 and a beta of 1.16.

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