Farther Finance Advisors LLC Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Farther Finance Advisors LLC raised its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 34.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,668 shares of the company's stock after acquiring an additional 1,449 shares during the period. Farther Finance Advisors LLC's holdings in CrowdStrike were worth $2,054,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. FPC Investment Advisory Inc. grew its position in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares during the last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $34,000. ST Germain D J Co. Inc. grew its holdings in shares of CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after purchasing an additional 81 shares during the last quarter. Finally, Bellwether Advisors LLC purchased a new position in shares of CrowdStrike in the fourth quarter worth $37,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction that occurred 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 owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This trade represents a 3.97% 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, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the sale, the president now directly owns 422,204 shares of the company's stock, valued at approximately $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 252,361 shares of company stock valued at $106,359,058 in the last ninety days. 3.32% of the stock is currently owned by company insiders.

CrowdStrike Stock Performance

Shares of CrowdStrike stock traded down $1.11 during trading on Friday, hitting $480.62. 2,608,585 shares of the company's stock traded hands, compared to its average volume of 5,027,016. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The business has a 50-day simple moving average of $428.81 and a 200-day simple moving average of $391.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The stock has a market capitalization of $119.13 billion, a P/E ratio of 942.41, a PEG ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly 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 net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The business's revenue for the quarter was up 19.8% on a year-over-year basis. As a group, analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Analysts Set New Price Targets

CRWD has been the subject of several analyst reports. UBS Group reissued a "buy" rating on shares of CrowdStrike in a research report on Tuesday, June 3rd. Raymond James reiterated an "outperform" rating and set a $485.00 target price (up from $390.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Bank of America reissued a "neutral" rating and issued a $470.00 target price (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Evercore ISI reaffirmed an "in-line" rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, Cantor Fitzgerald lifted their price objective on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $453.17.

CrowdStrike Company 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.