Herbst Group LLC Makes New $2.94 Million Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Herbst Group LLC bought a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 8,339 shares of the company's stock, valued at approximately $2,940,000. CrowdStrike accounts for approximately 2.1% of Herbst Group LLC's portfolio, making the stock its 24th largest holding.

A number of other hedge funds have also recently bought and sold shares of CRWD. FSA Wealth Management LLC increased its stake in CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after purchasing an additional 23 shares in the last quarter. Jacobi Capital Management LLC increased its stake in CrowdStrike by 1.9% in the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after purchasing an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its stake in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares in the last quarter. Wintrust Investments LLC increased its stake in CrowdStrike by 4.2% in the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after purchasing an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC increased its stake in CrowdStrike by 4.0% in the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after purchasing an additional 30 shares in the last quarter. 71.16% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CRWD. Oppenheimer lifted their price target on CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research note on Wednesday. Jefferies Financial Group lifted their price target on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday. Wells Fargo & Company raised their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Bank of America restated a "neutral" rating and set a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a research report on Wednesday. Finally, Mizuho raised their price objective on CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $450.43.

CrowdStrike Price Performance

CRWD stock traded up $5.47 during trading on Friday, hitting $468.41. The company had a trading volume of 4,338,578 shares, compared to its average volume of 5,114,226. 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 company has a market cap of $116.11 billion, a P/E ratio of 918.47, a P/E/G ratio of 17.86 and a beta of 1.22. The company has a fifty day moving average price of $415.18 and a two-hundred day moving average price of $388.02. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping 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 return on equity of 7.11% and a net margin of 3.39%. The business's revenue was up 19.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.93 earnings per share. Equities research analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of the company's stock in a transaction on Monday, March 17th. The stock was sold at an average price of $353.00, for a total transaction of $1,588,500.00. Following the transaction, the insider now owns 89,714 shares of the company's stock, valued at $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 2,141 shares of the company's stock in a transaction on Monday, March 24th. The shares were sold at an average price of $371.79, for a total value of $796,002.39. Following the transaction, the chief accounting officer now directly owns 34,024 shares in the company, valued at $12,649,782.96. This trade represents a 5.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 211,681 shares of company stock valued at $87,081,236 over the last 90 days. 3.32% of the stock is owned by company insiders.

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.