Spire Wealth Management Acquires 82 Shares of CrowdStrike (NASDAQ:CRWD)

Spire Wealth Management increased its stake in CrowdStrike (NASDAQ:CRWD) by 0.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,382 shares of the company’s stock after acquiring an additional 82 shares during the period. Spire Wealth Management’s holdings in CrowdStrike were worth $10,712,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. E Fund Management Hong Kong Co. Ltd. boosted its holdings in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company’s stock worth $27,000 after purchasing an additional 58 shares during the period. Sound Income Strategies LLC lifted its position in CrowdStrike by 77.6% in the first 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 last quarter. Crowley Wealth Management Inc. purchased a new position in CrowdStrike during the fourth quarter worth $34,000. Millstone Evans Group LLC bought a new position in CrowdStrike during the fourth quarter valued at $34,000. Finally, ST Germain D J Co. Inc. increased its position in CrowdStrike by 426.3% during the first 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 during the last quarter. 71.16% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised their target price on shares of CrowdStrike from $430.00 to $550.00 and gave the stock an “overweight” rating in a report on Monday, June 2nd. Raymond James Financial reissued an “outperform” rating and issued a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Guggenheim reaffirmed a “neutral” rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Mizuho increased their price target on CrowdStrike from $425.00 to $450.00 and gave the stock a “neutral” rating in a report on Wednesday, June 4th. Finally, BMO Capital Markets boosted their price objective on CrowdStrike from $405.00 to $500.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, CrowdStrike currently has an average rating of “Moderate Buy” and an average target price of $453.17.

CrowdStrike Stock Performance

Shares of CrowdStrike stock opened at $485.38 on Wednesday. CrowdStrike has a one year low of $200.81 and a one year high of $494.30. The company has a market capitalization of $120.98 billion, a PE ratio of -703.45 and a beta of 1.16. 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 company has a 50-day simple moving average of $444.73 and a two-hundred day simple moving average of $398.54.

CrowdStrike (NASDAQ:CRWD) last posted 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. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. CrowdStrike’s revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.93 EPS. Research analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In other news, Director Gerhard Watzinger sold 2,600 shares of the business’s stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $378.93, for a total transaction of $985,218.00. Following the sale, the director now owns 60,291 shares in the company, valued at approximately $22,846,068.63. The trade was a 4.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares of the company’s stock, valued at $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,060 shares of company stock worth $87,750,868. Insiders own 3.32% of the company’s stock.

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.