Tyche Wealth Partners LLC Grows Holdings in CrowdStrike (NASDAQ:CRWD)

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

A number of other hedge funds also recently added to or reduced their stakes in the stock. E Fund Management Hong Kong Co. Ltd. lifted its holdings in shares of CrowdStrike by 305.3% in the 1st quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after buying an additional 58 shares during the period. Sound Income Strategies LLC lifted its holdings in shares of CrowdStrike by 77.6% in the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock valued at $31,000 after buying an additional 38 shares during the period. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. Millstone Evans Group LLC acquired a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after buying an additional 81 shares during the period. 71.16% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on CRWD shares. DZ Bank cut CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a report on Thursday, May 22nd. DA Davidson raised their price target on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Morgan Stanley boosted their target price on CrowdStrike from $455.00 to $490.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, The Goldman Sachs Group upped their target price on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a report on Tuesday, June 10th. Two equities 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $453.88.

CrowdStrike Trading Down 1.2%

Shares of CRWD stock traded down $5.89 during trading hours on Friday, hitting $499.33. 3,464,614 shares of the company were exchanged, compared to its average volume of 4,797,111. The firm has a market cap of $124.46 billion, a PE ratio of -723.67 and a beta of 1.16. CrowdStrike has a 1 year low of $200.81 and a 1 year high of $506.35. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average of $452.08 and a 200 day moving average of $401.30.

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

Insider Buying and Selling

In other CrowdStrike news, Director Roxanne S. Austin sold 15,000 shares of the stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of $497.67, for a total value of $7,465,050.00. Following the completion of the sale, the director now owns 18,858 shares of the company's stock, valued at $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Anurag Saha sold 1,768 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $491.77, for a total transaction of $869,449.36. Following the completion of the sale, the chief accounting officer now directly owns 41,251 shares of the company's stock, valued at $20,286,004.27. This trade represents a 4.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 255,821 shares of company stock valued at $115,966,659. 3.32% of the stock is currently owned by corporate 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.