GAM Holding AG Purchases 1,709 Shares of CrowdStrike (NASDAQ:CRWD)

GAM Holding AG boosted its stake in CrowdStrike (NASDAQ:CRWD - Free Report) by 39.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,033 shares of the company's stock after acquiring an additional 1,709 shares during the quarter. GAM Holding AG's holdings in CrowdStrike were worth $2,127,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Stonegate Investment Group LLC lifted its position in CrowdStrike by 21.9% during the 1st quarter. Stonegate Investment Group LLC now owns 2,464 shares of the company's stock worth $869,000 after buying an additional 443 shares in the last quarter. PFG Investments LLC lifted its position in CrowdStrike by 10.3% during the 1st quarter. PFG Investments LLC now owns 5,562 shares of the company's stock worth $1,961,000 after buying an additional 521 shares in the last quarter. Jamison Private Wealth Management Inc. lifted its position in CrowdStrike by 9.5% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 5,014 shares of the company's stock worth $1,768,000 after buying an additional 433 shares in the last quarter. Advisor Resource Council bought a new stake in CrowdStrike during the 1st quarter worth about $2,851,000. Finally, Segment Wealth Management LLC lifted its position in CrowdStrike by 10.0% during the 1st quarter. Segment Wealth Management LLC now owns 2,200 shares of the company's stock worth $776,000 after buying an additional 200 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Stock Down 1.8%

Shares of CRWD traded down $8.86 during trading hours on Friday, reaching $476.30. 5,177,773 shares of the stock traded hands, compared to its average volume of 4,807,187. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $440.62 and a 200 day simple moving average of $396.83. CrowdStrike has a 52 week low of $200.81 and a 52 week high of $493.20. The company has a market cap of $118.72 billion, a price-to-earnings ratio of -690.29 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings results 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. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same period last year, the firm earned $0.93 earnings per share. The firm's revenue was up 19.8% on a year-over-year basis. On average, equities analysts forecast that CrowdStrike will post 0.55 EPS for the current year.

Analyst Ratings Changes

CRWD has been the topic of several analyst reports. Truist Financial reissued a "buy" rating and set a $500.00 price target (up from $450.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. BTIG Research reaffirmed a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Mizuho upped their price target on shares of CrowdStrike from $425.00 to $450.00 and gave the company a "neutral" rating in a research note on Wednesday, June 4th. Stephens upped their price target on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, UBS Group reiterated a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, CrowdStrike has an average rating of "Moderate Buy" and an average price target of $453.17.

Insiders Place Their Bets

In other CrowdStrike news, CAO Anurag Saha sold 2,141 shares of CrowdStrike stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the sale, the chief accounting officer now owns 34,024 shares of the company's stock, valued at approximately $12,649,782.96. The trade was a 5.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction dated 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 sale, the director now directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 201,748 shares of company stock valued at $89,478,971. Company 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.