FMB Wealth Management Invests $231,000 in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

FMB Wealth Management acquired a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 656 shares of the company's stock, valued at approximately $231,000.

Several other hedge funds have also recently made changes to their positions in CRWD. Vanguard Group Inc. boosted its holdings in shares of CrowdStrike by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock worth $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of CrowdStrike by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after purchasing an additional 124,984 shares during the period. Norges Bank purchased a new position in shares of CrowdStrike in the 4th quarter valued at approximately $1,111,542,000. Northern Trust Corp increased its position in CrowdStrike by 16.6% during the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock valued at $777,292,000 after buying an additional 324,136 shares in the last quarter. Finally, FMR LLC increased its position in CrowdStrike by 15.0% during the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after buying an additional 287,960 shares in the last quarter. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CRWD. Evercore ISI reissued an "in-line" rating and issued a $440.00 target price (down previously from $450.00) on shares of CrowdStrike in a report on Wednesday, June 4th. JPMorgan Chase & Co. lifted their target price on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, February 28th. Cantor Fitzgerald boosted their price objective on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Morgan Stanley boosted their price objective on CrowdStrike from $455.00 to $490.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, Stephens lifted their target price on CrowdStrike from $450.00 to $540.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Two investment 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 company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $453.17.

CrowdStrike Stock Down 0.3%

Shares of CRWD traded down $1.21 during midday trading on Friday, hitting $480.52. 1,866,200 shares of the company's stock traded hands, compared to its average volume of 5,013,868. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The firm's fifty day moving average is $425.70 and its 200-day moving average is $391.11. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $119.11 billion, a price-to-earnings ratio of 941.63, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 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 firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business's revenue for the quarter was up 19.8% compared to the same quarter last year. As a group, sell-side 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, President Michael Sentonas sold 25,000 shares of the firm'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 value of $11,925,000.00. Following the transaction, the president now directly owns 422,204 shares of the company's stock, valued at $201,391,308. This trade represents a 5.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of the firm'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 transaction of $2,026,000.00. Following the completion of the transaction, the director now directly owns 768,092 shares in the company, valued at $248,984,702.72. This trade represents a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 252,361 shares of company stock worth $106,359,058 in the last 90 days. Insiders own 3.32% of the company's stock.

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.