Secure Asset Management LLC Has $2.84 Million Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Secure Asset Management LLC grew its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 9.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,051 shares of the company's stock after purchasing an additional 663 shares during the period. Secure Asset Management LLC's holdings in CrowdStrike were worth $2,839,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. FSA Wealth Management LLC boosted its position in CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after buying an additional 23 shares during the period. Jacobi Capital Management LLC boosted its holdings in shares of CrowdStrike by 1.9% in the fourth quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after purchasing an additional 25 shares during the period. Dorsey & Whitney Trust CO LLC raised its holdings in shares of CrowdStrike by 1.4% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock valued at $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC boosted its stake in shares of CrowdStrike by 4.2% during the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC lifted its stake in shares of CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after purchasing an additional 30 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CRWD shares. KeyCorp lowered their target price on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research note on Wednesday, March 5th. Evercore ISI reiterated an "in-line" rating and issued a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a research note on Wednesday. Raymond James reissued an "outperform" rating and issued a $485.00 price target (up from $390.00) on shares of CrowdStrike in a report on Wednesday. Stifel Nicolaus raised their target price on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Rosenblatt Securities increased their price objective on shares of CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a report on Monday. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, twenty-nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $449.38.

Insider Activity at CrowdStrike

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of the stock in a transaction 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 of the company's stock, valued at $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 211,681 shares of company stock worth $87,081,236. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

NASDAQ CRWD traded up $2.38 during mid-day trading on Thursday, hitting $462.94. The stock had a trading volume of 6,174,926 shares, compared to its average volume of 5,159,023. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. The company has a 50 day simple moving average of $410.85 and a 200 day simple moving average of $386.40. The company has a market cap of $114.75 billion, a price-to-earnings ratio of 907.74, a P/E/G ratio of 17.86 and a beta of 1.22.

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 the consensus estimate of $0.66 by $0.07. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The company's quarterly revenue was up 19.8% compared to the same quarter last year. Equities analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

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.