GAMMA Investing LLC Has $1.09 Million Stock Holdings in CrowdStrike (NASDAQ:CRWD)

GAMMA Investing LLC raised its position in CrowdStrike (NASDAQ:CRWD - Free Report) by 43.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,082 shares of the company's stock after buying an additional 936 shares during the quarter. GAMMA Investing LLC's holdings in CrowdStrike were worth $1,087,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CRWD. Brighton Jones LLC grew its holdings in CrowdStrike by 44.9% in the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after buying an additional 2,417 shares in the last quarter. Parkside Financial Bank & Trust grew its holdings in CrowdStrike by 10.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 752 shares of the company's stock valued at $257,000 after buying an additional 69 shares in the last quarter. SVB Wealth LLC acquired a new position in CrowdStrike in the 4th quarter valued at $1,346,000. Cobblestone Capital Advisors LLC NY grew its holdings in CrowdStrike by 4.1% in the 4th quarter. Cobblestone Capital Advisors LLC NY now owns 1,105 shares of the company's stock valued at $378,000 after buying an additional 44 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in CrowdStrike by 8.9% in the 4th quarter. Fisher Asset Management LLC now owns 2,429 shares of the company's stock valued at $831,000 after buying an additional 199 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Down 1.2%

CRWD stock opened at $499.33 on Monday. CrowdStrike has a twelve month low of $200.81 and a twelve month high of $506.35. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average is $452.08 and its 200-day moving average is $401.81. The firm has a market capitalization of $124.46 billion, a PE ratio of -723.67 and a beta of 1.16.

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

Insider Buying and Selling

In related news, CAO Anurag Saha sold 2,227 shares of CrowdStrike stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $471.20, for a total transaction of $1,049,362.40. Following the sale, the chief accounting officer now directly owns 43,019 shares in the company, valued at approximately $20,270,552.80. This trade represents a 4.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roxanne S. Austin sold 15,000 shares of CrowdStrike stock in a transaction on Wednesday, June 25th. The stock was sold at an average price of $497.67, for a total value of $7,465,050.00. Following the sale, the director now owns 18,858 shares in the company, valued at $9,385,060.86. This trade represents a 44.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 255,821 shares of company stock worth $115,966,659. 3.32% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on CRWD shares. Westpark Capital reiterated a "hold" rating on shares of CrowdStrike in a research report on Thursday, June 5th. BMO Capital Markets upped their target price on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. The Goldman Sachs Group upped their target price on CrowdStrike from $389.00 to $530.00 and gave the company a "buy" rating in a research report on Tuesday, June 10th. Stifel Nicolaus upped their target price on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Finally, Piper Sandler upped their target price on CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $453.88.

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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