Arlington Financial Advisors LLC Makes New $641,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Arlington Financial Advisors LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $641,000.

A number of other hedge funds have also added to or reduced their stakes in CRWD. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of CrowdStrike in the 4th quarter worth approximately $1,228,000. Financial Counselors Inc. lifted its position in shares of CrowdStrike by 3.9% in the 4th quarter. Financial Counselors Inc. now owns 1,346 shares of the company’s stock worth $344,000 after purchasing an additional 50 shares during the period. Ferguson Wellman Capital Management Inc. lifted its position in shares of CrowdStrike by 17.1% in the 4th quarter. Ferguson Wellman Capital Management Inc. now owns 159,202 shares of the company’s stock worth $40,647,000 after purchasing an additional 23,265 shares during the period. Highland Capital Management LLC lifted its position in shares of CrowdStrike by 0.6% in the 4th quarter. Highland Capital Management LLC now owns 32,455 shares of the company’s stock worth $8,286,000 after purchasing an additional 181 shares during the period. Finally, Sara Bay Financial purchased a new stake in shares of CrowdStrike in the 4th quarter worth approximately $255,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Stock Performance

CRWD stock traded down $4.10 during midday trading on Friday, hitting $383.19. 8,480,459 shares of the stock traded hands, compared to its average volume of 8,199,314. The firm has a market cap of $93.25 billion, a P/E ratio of 723.01, a PEG ratio of 19.31 and a beta of 1.08. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.80 and a quick ratio of 1.80. The stock’s fifty day simple moving average is $341.55 and its 200-day simple moving average is $314.36. CrowdStrike Holdings, Inc. has a 1-year low of $139.37 and a 1-year high of $394.64.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on CRWD. HSBC upped their price target on shares of CrowdStrike from $411.00 to $412.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. DA Davidson decreased their target price on shares of CrowdStrike from $425.00 to $380.00 and set a “buy” rating for the company in a research report on Wednesday, June 5th. Rosenblatt Securities increased their target price on shares of CrowdStrike from $415.00 to $420.00 and gave the company a “buy” rating in a research report on Wednesday, June 5th. Royal Bank of Canada reissued an “outperform” rating and set a $420.00 target price on shares of CrowdStrike in a research report on Wednesday, June 5th. Finally, Barclays increased their target price on shares of CrowdStrike from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Wednesday, March 6th. One research analyst has rated the stock with a hold rating, thirty-seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $380.62.

Insider Activity

In other news, CFO Burt W. Podbere sold 64,000 shares of CrowdStrike stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $316.48, for a total value of $20,254,720.00. Following the sale, the chief financial officer now owns 306,508 shares in the company, valued at $97,003,651.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Burt W. Podbere sold 64,000 shares of CrowdStrike stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $316.48, for a total value of $20,254,720.00. Following the sale, the chief financial officer now owns 306,508 shares in the company, valued at $97,003,651.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,662 shares of CrowdStrike stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $380.63, for a total transaction of $632,607.06. Following the completion of the sale, the chief accounting officer now owns 40,645 shares in the company, valued at approximately $15,470,706.35. The disclosure for this sale can be found here. Insiders have sold a total of 283,675 shares of company stock worth $95,985,272 over the last 90 days. 4.34% of the stock is currently owned by company insiders.

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.