CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Shares Acquired by GPS Wealth Strategies Group LLC

GPS Wealth Strategies Group LLC grew its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 24.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,453 shares of the company's stock after acquiring an additional 4,058 shares during the quarter. CrowdStrike comprises approximately 1.0% of GPS Wealth Strategies Group LLC's portfolio, making the stock its 21st biggest position. GPS Wealth Strategies Group LLC's holdings in CrowdStrike were worth $7,211,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of CrowdStrike by 1.6% during the fourth 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 during the last quarter. Geode Capital Management LLC raised its stake in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock worth $1,712,063,000 after purchasing an additional 124,984 shares during the last quarter. Norges Bank purchased a new stake in shares of CrowdStrike during the fourth quarter worth approximately $1,111,542,000. Northern Trust Corp raised its stake in shares of CrowdStrike by 16.6% during the fourth quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after purchasing an additional 324,136 shares during the last quarter. Finally, FMR LLC raised its stake in shares of CrowdStrike by 15.0% during the fourth quarter. FMR LLC now owns 2,204,171 shares of the company's stock worth $754,179,000 after purchasing an additional 287,960 shares during the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Roth Capital upped their price target on CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Wedbush increased their price objective on CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a research report on Tuesday, June 3rd. Sanford C. Bernstein cut CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price objective for the company. in a research report on Friday, June 6th. Raymond James reiterated an "outperform" rating and issued a $485.00 price objective (up previously from $390.00) on shares of CrowdStrike in a research report on Wednesday, June 4th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 4th. 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. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $453.17.

CrowdStrike Stock Up 1.0%

Shares of NASDAQ:CRWD traded up $4.75 during mid-day trading on Thursday, hitting $481.73. 3,512,877 shares of the company traded hands, compared to its average volume of 5,025,949. The firm has a market cap of $119.41 billion, a P/E ratio of 944.59, a PEG ratio of 17.86 and a beta of 1.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. The firm's 50 day simple moving average is $422.55 and its 200 day simple moving average is $390.29.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the business earned $0.93 EPS. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. On average, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Insiders Place Their Bets

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $447.54, for a total transaction of $24,863,532.24. Following the sale, the chief executive officer now directly owns 2,192,610 shares in the company, valued at $981,280,679.40. The trade was a 2.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $353.00, for a total value of $1,588,500.00. Following the completion of the transaction, the insider now owns 89,714 shares of the company's stock, valued at approximately $31,669,042. The trade was a 4.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 252,361 shares of company stock worth $106,359,058 in the last three months. 3.32% of the stock is owned by insiders.

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.