Fifth Third Wealth Advisors LLC Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Fifth Third Wealth Advisors LLC increased its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 3.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,455 shares of the company's stock after purchasing an additional 561 shares during the period. Fifth Third Wealth Advisors LLC's holdings in CrowdStrike were worth $5,449,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. FPC Investment Advisory Inc. boosted its stake in CrowdStrike by 811.1% in the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after purchasing an additional 73 shares in the last quarter. Crowley Wealth Management Inc. bought a new position in CrowdStrike in the 4th quarter worth about $34,000. Millstone Evans Group LLC purchased a new position in CrowdStrike in the 4th quarter worth about $34,000. Bellwether Advisors LLC purchased a new position in CrowdStrike in the 4th quarter worth about $37,000. Finally, WealthTrak Capital Management LLC purchased a new position in CrowdStrike in the 4th quarter worth about $39,000. Institutional investors own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of recent analyst reports. Bank of America reissued a "neutral" rating and issued a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a research report on Wednesday. Mizuho boosted their target price on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday. The Goldman Sachs Group reissued a "buy" rating on shares of CrowdStrike in a research report on Wednesday, March 5th. Susquehanna raised their target price on CrowdStrike from $400.00 to $425.00 and gave the stock a "positive" rating in a research report on Wednesday, March 5th. Finally, KeyCorp dropped their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $440.26.

CrowdStrike Stock Down 5.7%

NASDAQ CRWD traded down $27.68 on Wednesday, hitting $461.08. The stock had a trading volume of 12,042,502 shares, compared to its average volume of 5,156,374. The business's fifty day moving average price is $408.78 and its 200 day moving average price is $385.89. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. The stock has a market cap of $114.29 billion, a price-to-earnings ratio of 904.10, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The business's quarterly revenue was up 19.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.93 earnings per share. Equities research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction that occurred 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 sale, the director now owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 195,431 shares of company stock valued at $79,162,548 over the last 90 days. Insiders own 3.32% of the company's stock.

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.