Insigneo Advisory Services LLC Boosts Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Insigneo Advisory Services LLC boosted its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 11.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,564 shares of the company's stock after purchasing an additional 672 shares during the quarter. Insigneo Advisory Services LLC's holdings in CrowdStrike were worth $2,314,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of CRWD. Brighton Jones LLC increased its holdings in CrowdStrike by 44.9% during the 4th quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock worth $2,670,000 after purchasing an additional 2,417 shares during the last quarter. Allworth Financial LP grew its position in shares of CrowdStrike by 33.1% in the 4th quarter. Allworth Financial LP now owns 4,910 shares of the company's stock worth $1,856,000 after acquiring an additional 1,222 shares in the last quarter. Sierra Ocean LLC acquired a new position in shares of CrowdStrike in the 4th quarter worth approximately $77,000. Americana Partners LLC grew its position in shares of CrowdStrike by 317.6% in the 4th quarter. Americana Partners LLC now owns 4,811 shares of the company's stock worth $1,646,000 after acquiring an additional 3,659 shares in the last quarter. Finally, Principal Financial Group Inc. grew its position in shares of CrowdStrike by 1.0% in the 4th quarter. Principal Financial Group Inc. now owns 272,080 shares of the company's stock worth $93,095,000 after acquiring an additional 2,603 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at CrowdStrike

In other news, insider Shawn Henry sold 5,096 shares of CrowdStrike stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.43, for a total transaction of $1,826,559.28. Following the transaction, the insider now owns 84,618 shares in the company, valued at approximately $30,329,629.74. The trade was a 5.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction on Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. This represents a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 247,861 shares of company stock valued at $104,770,558 over the last three months. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Down 0.3%

CRWD opened at $479.39 on Tuesday. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $491.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86. The stock's fifty day moving average is $431.89 and its 200-day moving average is $393.46. The company has a market capitalization of $118.83 billion, a PE ratio of 940.00, a P/E/G ratio of 17.86 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 (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%. CrowdStrike's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.93 earnings per share. On average, equities analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on CRWD shares. KeyCorp decreased their target price on CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company in a research report on Wednesday, March 5th. Rosenblatt Securities lifted their target price on CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday, June 2nd. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a research report on Monday, May 5th. Wells Fargo & Company lifted their target price on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research report on Monday, June 2nd. Finally, Stephens boosted their price objective on CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat.com, CrowdStrike presently has a consensus rating of "Moderate Buy" and an average price target 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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