Sound Income Strategies LLC Boosts Stock Holdings in CrowdStrike (NASDAQ:CRWD)

Sound Income Strategies LLC boosted its position in CrowdStrike (NASDAQ:CRWD) by 77.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87 shares of the company’s stock after purchasing an additional 38 shares during the period. Sound Income Strategies LLC’s holdings in CrowdStrike were worth $31,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of CRWD. FPC Investment Advisory Inc. lifted its stake in CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock valued at $28,000 after purchasing an additional 73 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth $34,000. ST Germain D J Co. Inc. lifted its position in shares of CrowdStrike by 426.3% during the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock worth $35,000 after acquiring an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC purchased a new stake in shares of CrowdStrike during the fourth quarter worth $37,000. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The shares were sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the transaction, the director now owns 768,092 shares of the company’s stock, valued at $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 257,861 shares of company stock worth $109,595,558 over the last three months. Company insiders own 3.32% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CRWD. Truist Financial restated a “buy” rating and set a $500.00 target price (up previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. DA Davidson increased their target price on CrowdStrike from $415.00 to $530.00 and gave the stock a “buy” rating in a research report on Wednesday, June 4th. Scotiabank increased their target price on CrowdStrike from $370.00 to $480.00 and gave the stock a “sector perform” rating in a research report on Wednesday, June 4th. Susquehanna increased their target price on CrowdStrike from $425.00 to $530.00 and gave the stock a “positive” rating in a research report on Wednesday, June 4th. Finally, Stephens upped their price target on shares of CrowdStrike from $450.00 to $540.00 and gave the stock an “overweight” rating in a report on Wednesday, June 4th. Two equities research 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $453.17.

CrowdStrike Stock Performance

Shares of CRWD opened at $492.03 on Wednesday. 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 one year low of $200.81 and a one year high of $493.20. The company has a 50-day simple moving average of $434.17 and a two-hundred day simple moving average of $394.15. The firm has a market capitalization of $122.64 billion, a PE ratio of -713.09 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. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the business posted $0.93 earnings per share. CrowdStrike’s quarterly revenue was up 19.8% compared to the same quarter last year. On average, analysts anticipate that CrowdStrike will post 0.55 EPS for the current fiscal year.

About CrowdStrike

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.