Destiny Wealth Partners LLC Raises Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Destiny Wealth Partners LLC lifted its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 3.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,946 shares of the company's stock after buying an additional 552 shares during the period. Destiny Wealth Partners LLC's holdings in CrowdStrike were worth $5,622,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Primoris Wealth Advisors LLC purchased a new stake in shares of CrowdStrike in the fourth quarter worth about $2,166,000. Arcadia Investment Management Corp MI boosted its holdings in CrowdStrike by 30.8% in the fourth quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock valued at $4,090,000 after purchasing an additional 2,814 shares during the last quarter. Trifecta Capital Advisors LLC boosted its holdings in CrowdStrike by 2,140.3% in the fourth quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock valued at $3,066,000 after purchasing an additional 8,561 shares during the last quarter. Delta Financial Group Inc. purchased a new position in CrowdStrike in the fourth quarter valued at about $336,000. Finally, Marshall Investment Management LLC purchased a new position in CrowdStrike in the fourth quarter valued at about $2,494,000. Hedge funds and other institutional investors own 71.16% of the company's stock.

CrowdStrike Stock Up 1.2%

Shares of CRWD stock opened at $468.41 on Monday. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The stock has a market cap of $116.11 billion, a PE ratio of 918.47, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The business's fifty day moving average is $415.18 and its 200-day moving average is $388.50. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly 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. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same period last year, the firm earned $0.93 EPS. The firm's revenue for the quarter was up 19.8% on a year-over-year basis. Equities analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CRWD shares. Raymond James reissued an "outperform" rating and issued a $485.00 price target (up previously from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Stephens increased their price target on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Robert W. Baird reduced their target price on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a report on Wednesday, March 5th. Evercore ISI reaffirmed an "in-line" rating and set a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, KeyCorp reduced their target price on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus target price of $450.43.

Insider Buying and Selling

In related news, insider Shawn Henry sold 4,500 shares of CrowdStrike 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 transaction, the insider now directly owns 89,714 shares in the company, valued at $31,669,042. The trade was a 4.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the transaction, the director now owns 768,092 shares in the company, valued at $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,681 shares of company stock worth $87,081,236 in the last three months. 3.32% of the stock is currently owned by 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.

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