Gateway Investment Advisers LLC Grows Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Gateway Investment Advisers LLC grew its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 0.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 35,891 shares of the company’s stock after buying an additional 141 shares during the period. Gateway Investment Advisers LLC’s holdings in CrowdStrike were worth $12,654,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CRWD. 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 worth $28,000 after purchasing an additional 73 shares during the last quarter. Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike during the 4th quarter valued at about $34,000. Millstone Evans Group LLC purchased a new position in shares of CrowdStrike during the 4th quarter valued at about $34,000. ST Germain D J Co. Inc. lifted 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 worth $35,000 after buying an additional 81 shares during the last quarter. Finally, Bellwether Advisors LLC purchased a new stake in CrowdStrike in the fourth quarter worth approximately $37,000. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Up 1.2%

CRWD stock opened at $468.41 on Friday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The company has a market capitalization of $116.11 billion, a price-to-earnings ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. The business’s 50 day moving average price is $415.18 and its two-hundred day moving average price is $388.02. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

CrowdStrike (NASDAQ:CRWD) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm’s revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share. As a group, analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the stock. Westpark Capital reissued a “hold” rating on shares of CrowdStrike in a research note on Thursday. Robert W. Baird decreased their target price on shares of CrowdStrike from $440.00 to $405.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 5th. KeyCorp lowered their price target on shares of CrowdStrike from $480.00 to $450.00 and set an “overweight” rating for the company in a research note on Wednesday, March 5th. Wells Fargo & Company raised their price objective on CrowdStrike from $430.00 to $550.00 and gave the company an “overweight” rating in a research note on Monday, June 2nd. Finally, UBS Group reiterated a “buy” rating on shares of CrowdStrike in a report on Tuesday. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $450.43.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike 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 $31,669,042. This trade represents a 4.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the sale, the director now directly owns 29,500 shares in the company, valued at $14,425,500. The trade was a 25.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,681 shares of company stock worth $87,081,236. Corporate insiders own 3.32% of the company’s stock.

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.