CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by Park Avenue Securities LLC

Park Avenue Securities LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,470 shares of the company’s stock after purchasing an additional 273 shares during the period. Park Avenue Securities LLC’s holdings in CrowdStrike were worth $4,397,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. FPC Investment Advisory Inc. lifted its stake in CrowdStrike by 811.1% during 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 in the 4th quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. ST Germain D J Co. Inc. lifted its position in shares of CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company’s stock valued at $35,000 after acquiring an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $37,000. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on CRWD. Cantor Fitzgerald upped their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the company an “overweight” rating in a research report on Friday, May 30th. Mizuho upped their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the company a “neutral” rating in a research report on Wednesday, June 4th. Royal Bank of Canada upped their price target on shares of CrowdStrike from $500.00 to $510.00 and gave the company an “outperform” rating in a research report on Wednesday, June 4th. Piper Sandler upped their price target on shares of CrowdStrike from $400.00 to $505.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Finally, Susquehanna upped their price target on shares of CrowdStrike from $425.00 to $530.00 and gave the company a “positive” rating in a research report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $450.43.

Insiders Place Their Bets

In other news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the completion of the transaction, the insider now directly owns 89,714 shares of the company’s stock, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at $12,969,492.30. The trade was a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,681 shares of company stock worth $87,081,236 in the last ninety days. Insiders own 3.32% of the company’s stock.

CrowdStrike Stock Performance

NASDAQ:CRWD opened at $468.41 on Monday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The firm’s fifty day simple moving average is $415.18 and its 200 day simple moving average is $388.50. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $116.11 billion, a PE ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 3.39% and a return on equity of 7.11%. CrowdStrike’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business posted $0.93 EPS. On average, sell-side analysts anticipate that CrowdStrike Holdings, Inc. 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.