City Holding Co. Grows Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

City Holding Co. lifted its stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 13.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,835 shares of the company's stock after buying an additional 585 shares during the period. City Holding Co.'s holdings in CrowdStrike were worth $1,705,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Destiny Wealth Partners LLC raised its stake in shares of CrowdStrike by 3.6% during the 1st quarter. Destiny Wealth Partners LLC now owns 15,946 shares of the company's stock worth $5,622,000 after buying an additional 552 shares during the period. Moss Adams Wealth Advisors LLC purchased a new stake in shares of CrowdStrike in the 1st quarter valued at $242,000. Toth Financial Advisory Corp raised its holdings in CrowdStrike by 6.8% during the first quarter. Toth Financial Advisory Corp now owns 962 shares of the company's stock worth $339,000 after purchasing an additional 61 shares in the last quarter. Wesbanco Bank Inc. purchased a new stake in shares of CrowdStrike in the 1st quarter valued at about $341,000. Finally, Capital Investment Advisors LLC increased its stake in CrowdStrike by 33.0% in the first quarter. Capital Investment Advisors LLC now owns 2,838 shares of the company's stock valued at $1,000,000 after purchasing an additional 704 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Up 1.2%

CRWD stock opened at $468.41 on Monday. The company has a fifty day simple moving average of $415.18 and a 200 day simple moving average of $388.50. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The firm has a market cap of $116.11 billion, a PE ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.16. 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 posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. CrowdStrike's revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 EPS. Sell-side analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on CRWD shares. Oppenheimer upped their price objective on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Jefferies Financial Group raised their price objective on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Stifel Nicolaus upped their price target on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a report on Tuesday, June 3rd. Finally, KeyCorp lowered their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $450.43.

Insider Buying and Selling at CrowdStrike

In other news, Director Sameer K. Gandhi sold 6,250 shares of the stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $484.59, for a total transaction of $3,028,687.50. Following the completion of the sale, the director now directly owns 755,592 shares in the company, valued at $366,152,327.28. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the sale, the chief accounting officer now directly owns 36,165 shares of the company's stock, 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. Insiders have sold a total of 211,681 shares of company stock valued at $87,081,236 in the last three months. 3.32% of the stock is currently owned by company insiders.

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.

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