Hillsdale Investment Management Inc. Buys Shares of 1,845 CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Hillsdale Investment Management Inc. bought a new stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,845 shares of the company’s stock, valued at approximately $591,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Trivant Custom Portfolio Group LLC purchased a new stake in shares of CrowdStrike in the 1st quarter valued at approximately $30,000. CVA Family Office LLC purchased a new stake in CrowdStrike during the 4th quarter worth approximately $26,000. Hexagon Capital Partners LLC purchased a new stake in CrowdStrike during the 4th quarter worth approximately $26,000. Future Financial Wealth Managment LLC purchased a new stake in CrowdStrike during the 1st quarter worth approximately $32,000. Finally, MCF Advisors LLC purchased a new stake in CrowdStrike during the 1st quarter worth approximately $32,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO George Kurtz sold 56,279 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $304.41, for a total value of $17,131,890.39. Following the completion of the sale, the chief executive officer now owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other CrowdStrike news, CAO Anurag Saha sold 1,662 shares of the business’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $380.63, for a total transaction of $632,607.06. Following the sale, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO George Kurtz sold 56,279 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $304.41, for a total transaction of $17,131,890.39. Following the completion of the sale, the chief executive officer now directly owns 1,146,048 shares of the company’s stock, valued at $348,868,471.68. The disclosure for this sale can be found here. Insiders sold 219,675 shares of company stock valued at $76,931,522 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CRWD has been the topic of several recent research reports. KeyCorp cut their target price on shares of CrowdStrike from $440.00 to $420.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 17th. Royal Bank of Canada cut their target price on shares of CrowdStrike from $420.00 to $380.00 and set an “outperform” rating on the stock in a research note on Monday. Canaccord Genuity Group reissued a “buy” rating and issued a $405.00 price objective on shares of CrowdStrike in a research report on Monday. Piper Sandler dropped their price objective on shares of CrowdStrike from $400.00 to $310.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, JPMorgan Chase & Co. increased their price objective on shares of CrowdStrike from $371.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, CrowdStrike presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.95.

CrowdStrike Stock Up 3.8 %

Shares of CRWD traded up $10.09 during mid-day trading on Tuesday, reaching $274.00. 20,183,704 shares of the stock traded hands, compared to its average volume of 4,804,365. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $360.57 and a 200 day simple moving average of $326.86. The firm has a market cap of $66.68 billion, a price-to-earnings ratio of 514.25, a P/E/G ratio of 15.37 and a beta of 1.10. CrowdStrike Holdings, Inc. has a 12-month low of $140.52 and a 12-month high of $398.33.

CrowdStrike (NASDAQ:CRWD) last released its earnings results on Tuesday, June 4th. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). CrowdStrike had a net margin of 4.01% and a return on equity of 7.39%. The business had revenue of $921.04 million for the quarter, compared to the consensus estimate of $904.82 million. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.9 EPS for the current fiscal 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.