CrowdStrike (NASDAQ:CRWD) Shares Acquired by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC boosted its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 31.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,130 shares of the company's stock after purchasing an additional 993 shares during the quarter. Tyche Wealth Partners LLC's holdings in CrowdStrike were worth $1,456,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in CRWD. Brighton Jones LLC grew its stake in shares of CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after buying an additional 2,417 shares in the last quarter. Wealthspire Advisors LLC increased its position in shares of CrowdStrike by 29.7% during the fourth quarter. Wealthspire Advisors LLC now owns 1,916 shares of the company's stock valued at $656,000 after purchasing an additional 439 shares during the period. Union Bancaire Privee UBP SA bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $122,000. Y Intercept Hong Kong Ltd bought a new stake in CrowdStrike in the fourth quarter valued at $649,000. Finally, Crestwood Advisors Group LLC grew its holdings in shares of CrowdStrike by 364.3% during the fourth quarter. Crestwood Advisors Group LLC now owns 3,654 shares of the company's stock worth $1,250,000 after purchasing an additional 2,867 shares during the last quarter. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer now directly owns 2,192,610 shares of the company's stock, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 197,060 shares of company stock worth $87,750,868. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Stock Down 1.3%

Shares of NASDAQ:CRWD opened at $485.38 on Wednesday. The stock has a market cap of $120.98 billion, a price-to-earnings ratio of -703.45 and a beta of 1.16. The company has a 50 day moving average of $444.73 and a 200-day moving average of $398.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. CrowdStrike has a one year low of $200.81 and a one year high of $494.30.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 4.17% and a positive return on equity of 0.43%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. On average, sell-side analysts forecast that CrowdStrike will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Piper Sandler raised their price target on CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Truist Financial reiterated a "buy" rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. JMP Securities reissued a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a research note on Wednesday, June 4th. Evercore ISI reiterated an "in-line" rating and set a $440.00 target price (down from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Susquehanna lifted their target price on CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a research note on Wednesday, June 4th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $453.17.

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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