Enclave Advisors LLC Buys 945 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Enclave Advisors LLC increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,829 shares of the company's stock after purchasing an additional 945 shares during the period. Enclave Advisors LLC's holdings in CrowdStrike were worth $1,703,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CRWD. Norges Bank purchased a new stake in CrowdStrike in the fourth quarter worth approximately $1,111,542,000. GAMMA Investing LLC boosted its stake in CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after buying an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC boosted its stake in shares of CrowdStrike by 379.0% during the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after purchasing an additional 1,017,678 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $237,375,000. Finally, Voya Investment Management LLC boosted its stake in shares of CrowdStrike by 43.5% during the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after purchasing an additional 582,471 shares during the period. 71.16% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. JMP Securities reissued a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a research note on Wednesday. Citigroup reissued an "outperform" rating on shares of CrowdStrike in a research note on Monday, May 5th. UBS Group reissued a "buy" rating on shares of CrowdStrike in a research note on Tuesday. Jefferies Financial Group raised their price target on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Bank of America reaffirmed a "neutral" rating and issued a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday. 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 stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $450.43.

Insider Activity at CrowdStrike

In other news, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares of the company's stock, valued at $12,969,492.30. This represents a 3.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the sale, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 211,681 shares of company stock valued at $87,081,236. 3.32% of the stock is owned by company insiders.

CrowdStrike Price Performance

CRWD traded up $5.47 on Friday, hitting $468.41. 4,338,578 shares of the company's stock traded hands, compared to its average volume of 5,114,172. The company's 50 day simple moving average is $413.06 and its 200-day simple moving average is $387.23. The firm has a market cap of $116.11 billion, a price-to-earnings ratio of 918.47, a P/E/G ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $491.20. 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 issued 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. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm's quarterly revenue was up 19.8% on a year-over-year basis. During the same quarter last year, the company earned $0.93 EPS. As a group, research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

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.