Vicus Capital Grows Holdings in CrowdStrike (NASDAQ:CRWD)

Vicus Capital increased its stake in shares of CrowdStrike (NASDAQ:CRWD) by 85.3% in the first quarter, HoldingsChannel.com reports. The firm owned 1,277 shares of the company’s stock after buying an additional 588 shares during the period. Vicus Capital’s holdings in CrowdStrike were worth $450,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CRWD. FPC Investment Advisory Inc. lifted its position in shares of CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company’s stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Sound Income Strategies LLC increased its stake in CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company’s stock worth $31,000 after buying an additional 38 shares during the period. Crowley Wealth Management Inc. acquired a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC acquired a new stake in CrowdStrike during the 4th quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. boosted its position in 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 buying an additional 81 shares during the period. Hedge funds and other institutional investors own 71.16% of the company’s stock.

Insider Transactions at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 5,096 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.43, for a total value of $1,826,559.28. Following the completion of the transaction, the insider now owns 84,618 shares in the company, valued at approximately $30,329,629.74. This represents a 5.68% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anurag Saha sold 1,496 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company’s stock, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 257,861 shares of company stock worth $109,595,558 over the last 90 days. 3.32% of the stock is currently owned by insiders.

CrowdStrike Trading Up 2.6%

NASDAQ CRWD opened at $492.03 on Wednesday. The firm’s fifty day moving average is $434.17 and its two-hundred day moving average is $394.15. CrowdStrike has a one year low of $200.81 and a one year high of $493.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $122.64 billion, a PE ratio of -713.09 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts’ consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm earned $0.93 EPS. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Mizuho upped their price objective on CrowdStrike from $425.00 to $450.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 4th. KeyCorp cut their price target on CrowdStrike from $480.00 to $450.00 and set an “overweight” rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company increased their price target on CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a research report on Monday, June 2nd. JPMorgan Chase & Co. raised their target price on shares of CrowdStrike from $418.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Finally, Barclays set a $500.00 price target on shares of CrowdStrike in a research note on Tuesday, June 3rd. Two 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 company’s stock. According to data from MarketBeat.com, CrowdStrike currently has a consensus rating of “Moderate Buy” and an average target price of $453.17.

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.