Accurate Wealth Management LLC Invests $719,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Accurate Wealth Management LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,903 shares of the company's stock, valued at approximately $719,000.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after buying an additional 342,294 shares during the last quarter. Geode Capital Management LLC grew its holdings in CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after acquiring an additional 124,984 shares during the period. Norges Bank purchased a new position in CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. Northern Trust Corp lifted its holdings in 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 during the period. Finally, FMR LLC lifted its holdings in 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 during the period. Hedge funds and other institutional investors own 71.16% of the company's stock.

Insider Activity

In other news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 227,361 shares of company stock valued at $94,434,058. 3.32% of the stock is currently owned by corporate insiders.

CrowdStrike Trading Up 2.0%

NASDAQ:CRWD traded up $9.33 during trading hours on Wednesday, hitting $476.98. The company had a trading volume of 2,752,627 shares, compared to its average volume of 5,043,030. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The company has a market cap of $118.23 billion, a P/E ratio of 935.27, a P/E/G ratio of 17.86 and a beta of 1.16. The company has a 50-day moving average of $419.44 and a 200 day moving average of $389.69. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. CrowdStrike's quarterly revenue was up 19.8% on a year-over-year basis. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. BMO Capital Markets raised their price objective on shares of CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Stifel Nicolaus increased their price target on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Stephens raised their price target on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. Finally, Roth Capital increased their target price 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. Two equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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.