1858 Wealth Management LLC Takes $210,000 Position in CrowdStrike (NASDAQ:CRWD)

1858 Wealth Management LLC acquired a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 595 shares of the company's stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Brighton Jones LLC raised its position in shares of CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after buying an additional 2,417 shares in the last quarter. Concurrent Investment Advisors LLC grew its position in CrowdStrike by 13.8% in the fourth quarter. Concurrent Investment Advisors LLC now owns 6,736 shares of the company's stock worth $2,305,000 after acquiring an additional 816 shares in the last quarter. Greystone Financial Group LLC purchased a new position in CrowdStrike in the fourth quarter worth about $7,244,000. Boyd Watterson Asset Management LLC OH grew its position in CrowdStrike by 1.8% in the fourth quarter. Boyd Watterson Asset Management LLC OH now owns 10,458 shares of the company's stock worth $3,578,000 after acquiring an additional 186 shares in the last quarter. Finally, Bell Bank purchased a new position in CrowdStrike in the fourth quarter worth about $247,000. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. Evercore ISI reiterated an "in-line" rating and issued a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Roth Capital raised their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Oppenheimer raised their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Royal Bank Of Canada raised their price objective on shares of CrowdStrike from $500.00 to $510.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Bank of America reissued a "neutral" rating and issued a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a research note 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $453.17.

Insider Activity at CrowdStrike

In other CrowdStrike news, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president now owns 422,204 shares in the company, valued at approximately $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Gerhard Watzinger sold 10,000 shares of the company'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 completion of the transaction, the director now owns 29,500 shares of the company's stock, valued at approximately $14,425,500. This trade represents a 25.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 201,748 shares of company stock worth $89,478,971 over the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of CRWD opened at $476.30 on Friday. The firm has a market capitalization of $118.72 billion, a PE ratio of -690.29 and a beta of 1.16. 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 1-year low of $200.81 and a 1-year high of $493.20. The company's fifty day moving average price is $440.62 and its 200-day moving average price is $396.83.

CrowdStrike (NASDAQ:CRWD - Get Free Report) 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 company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm's quarterly revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 earnings per share. On average, equities research analysts predict that CrowdStrike will post 0.55 EPS for the current 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.

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