HWG Holdings LP Makes New $1.72 Million Investment in CrowdStrike (NASDAQ:CRWD)

HWG Holdings LP acquired a new stake in CrowdStrike (NASDAQ:CRWD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 4,890 shares of the company's stock, valued at approximately $1,724,000. CrowdStrike accounts for about 0.8% of HWG Holdings LP's investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CRWD. Norges Bank bought a new position in CrowdStrike during the 4th quarter worth $1,111,542,000. GAMMA Investing LLC increased its position in shares of CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares during the period. Pathstone Holdings LLC raised its stake in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after purchasing an additional 1,017,678 shares in the last quarter. Raymond James Financial Inc. acquired a new position in CrowdStrike in the fourth quarter valued at about $237,375,000. Finally, Voya Investment Management LLC raised its stake in CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after purchasing an additional 582,471 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

CrowdStrike Stock Down 1.8%

CrowdStrike stock opened at $476.30 on Monday. CrowdStrike has a fifty-two week low of $200.81 and a fifty-two week high of $493.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.85 and a current ratio of 1.85. The firm's 50-day simple moving average is $440.62 and its 200 day simple moving average is $397.05. The stock has a market cap of $118.72 billion, a PE ratio of -690.29 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the business earned $0.93 EPS. The company's revenue was up 19.8% compared to the same quarter last year. Research analysts predict that CrowdStrike will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, CEO George Kurtz sold 55,556 shares of CrowdStrike stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the transaction, the chief executive officer now directly owns 2,192,610 shares in the company, valued at approximately $981,280,679.40. The trade was a 2.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gerhard Watzinger sold 10,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $489.00, for a total value of $4,890,000.00. Following the sale, the director now owns 29,500 shares in the company, valued at approximately $14,425,500. This represents a 25.32% decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,060 shares of company stock valued at $87,750,868 in the last three months. Company insiders own 3.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CRWD shares. Royal Bank Of Canada raised their target price on shares of CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Jefferies Financial Group upped their target price on CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Barclays set a $500.00 target price on CrowdStrike in a report on Tuesday, June 3rd. Piper Sandler boosted their price target on CrowdStrike from $400.00 to $505.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Needham & Company LLC upped their price objective on CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Two 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. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $453.17.

CrowdStrike Company 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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