Castle Rock Wealth Management LLC Has $1.37 Million Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Castle Rock Wealth Management LLC increased its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 378.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,787 shares of the company's stock after purchasing an additional 2,995 shares during the quarter. Castle Rock Wealth Management LLC's holdings in CrowdStrike were worth $1,367,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in CrowdStrike by 1.6% during the fourth quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares during the last quarter. Jennison Associates LLC boosted its holdings in CrowdStrike by 6.9% during the fourth quarter. Jennison Associates LLC now owns 5,420,980 shares of the company's stock worth $1,854,843,000 after purchasing an additional 352,180 shares during the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 124,984 shares during the last quarter. Norges Bank purchased a new position in CrowdStrike during the fourth quarter worth about $1,111,542,000. Finally, Northern Trust Corp boosted its stake 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 last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

CrowdStrike stock traded down $27.68 during mid-day trading on Wednesday, reaching $461.08. The company's stock had a trading volume of 12,042,502 shares, compared to its average volume of 5,156,374. CrowdStrike Holdings, Inc. has a twelve month low of $200.81 and a twelve month high of $491.20. The firm has a market cap of $114.29 billion, a price-to-earnings ratio of 904.10, a PEG ratio of 17.86 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $408.78 and a 200-day moving average price of $385.89.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on CRWD shares. Guggenheim reiterated a "neutral" rating on shares of CrowdStrike in a research note on Wednesday, March 5th. Truist Financial reiterated a "buy" rating and issued a $500.00 target price (up from $450.00) on shares of CrowdStrike in a research note on Wednesday. Roth Capital started coverage on shares of CrowdStrike in a research note on Wednesday, April 23rd. They issued a "buy" rating and a $410.00 target price on the stock. Piper Sandler set a $347.00 target price on shares of CrowdStrike in a research note on Wednesday, March 5th. Finally, Bank of America reiterated a "neutral" rating and issued a $470.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday. Three research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-seven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $440.26.

Insiders Place Their Bets

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated 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 sale, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. The trade was a 0.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction dated 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 owns 36,165 shares in the company, valued at approximately $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 195,431 shares of company stock worth $79,162,548. 3.32% of the stock is owned by corporate insiders.

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.