CrowdStrike (NASDAQ:CRWD) Shares Acquired by Proactive Wealth Strategies LLC

Proactive Wealth Strategies LLC increased its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 27.8% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,894 shares of the company's stock after buying an additional 630 shares during the quarter. Proactive Wealth Strategies LLC's holdings in CrowdStrike were worth $1,020,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in CrowdStrike by 1.6% during the 4th 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 period. Geode Capital Management LLC increased its position in CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares during the period. Norges Bank purchased a new stake in CrowdStrike during the 4th quarter valued at approximately $1,111,542,000. Northern Trust Corp lifted its position in CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after acquiring an additional 324,136 shares during the period. Finally, FMR LLC increased its holdings in shares of 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 purchasing an additional 287,960 shares during the period. Institutional investors and hedge funds own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CRWD. Jefferies Financial Group boosted their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Scotiabank lifted their price objective on CrowdStrike from $370.00 to $480.00 and gave the company a "sector perform" rating in a report on Wednesday, June 4th. Raymond James Financial reiterated an "outperform" rating and set a $485.00 target price (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Mizuho raised their target price on CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a report on Wednesday, June 4th. Finally, Stifel Nicolaus upped their target price on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $453.17.

CrowdStrike Stock Up 3.3%

NASDAQ:CRWD opened at $491.81 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The company has a market capitalization of $122.58 billion, a price-to-earnings ratio of -712.77 and a beta of 1.16. CrowdStrike has a one year low of $200.81 and a one year high of $497.45. The stock has a 50-day simple moving average of $442.88 and a 200 day simple moving average of $397.93.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its earnings results on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the business posted $0.93 EPS. CrowdStrike's quarterly revenue was up 19.8% compared to the same quarter last year. Sell-side analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other CrowdStrike news, Director Gerhard Watzinger sold 10,000 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $359.57, for a total value of $3,595,700.00. Following the sale, the director now directly owns 62,891 shares in the company, valued at approximately $22,613,716.87. This trade represents a 13.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO George Kurtz sold 55,556 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction 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 approximately $981,280,679.40. This trade represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,060 shares of company stock valued at $87,750,868. Company insiders own 3.32% of the company's stock.

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.

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