Westmount Partners LLC Makes New Investment in CrowdStrike (NASDAQ:CRWD)

Westmount Partners LLC acquired a new stake in shares of CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 683 shares of the company's stock, valued at approximately $241,000.

Several other institutional investors have also added to or reduced their stakes in CRWD. Vanguard Group Inc. boosted its stake in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after buying an additional 342,294 shares during the last quarter. Geode Capital Management LLC lifted its position in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares in the last quarter. Norges Bank purchased a new position in shares of CrowdStrike in the fourth quarter valued at about $1,111,542,000. Northern Trust Corp lifted its position in shares of CrowdStrike by 16.6% in the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after acquiring an additional 324,136 shares in the last quarter. Finally, FMR LLC lifted its position in shares of CrowdStrike by 15.0% in the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after acquiring an additional 287,960 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research reports. Wedbush lifted their target price on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. BMO Capital Markets boosted their price objective on CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. Finally, Roth Capital boosted their price objective on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $456.40.

CrowdStrike Stock Performance

Shares of NASDAQ CRWD traded down $2.82 during mid-day trading on Wednesday, hitting $470.46. The stock had a trading volume of 1,506,208 shares, compared to its average volume of 4,757,500. 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 moving average of $471.45 and a two-hundred day moving average of $412.62. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $517.98. The firm has a market cap of $117.26 billion, a PE ratio of -682.84 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.93 EPS. The firm's revenue was up 19.8% on a year-over-year basis. Research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Transactions at CrowdStrike

In other CrowdStrike news, Director Denis Oleary sold 15,680 shares of the stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $468.93, for a total transaction of $7,352,822.40. Following the sale, the director directly owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President Michael Sentonas sold 25,000 shares of the stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total value of $11,925,000.00. Following the sale, the president directly owned 422,204 shares in the company, valued at $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 253,221 shares of company stock worth $117,687,463 over the last 90 days. 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.