LVW Advisors LLC Acquires New Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

LVW Advisors LLC bought a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 650 shares of the company's stock, valued at approximately $229,000.

Several other large investors have also recently made changes to their positions in CRWD. FPC Investment Advisory Inc. grew its holdings in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock valued at $28,000 after purchasing an additional 73 shares during the period. Crowley Wealth Management Inc. bought a new position in CrowdStrike in the 4th quarter valued at $34,000. Millstone Evans Group LLC purchased a new position in shares of CrowdStrike during the fourth quarter worth approximately $34,000. Bellwether Advisors LLC purchased a new position in shares of CrowdStrike during the fourth quarter worth approximately $37,000. Finally, WealthTrak Capital Management LLC bought a new position in shares of CrowdStrike during the fourth quarter valued at approximately $39,000. 71.16% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Piper Sandler lifted their price objective on shares of CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a report on Wednesday. Raymond James reiterated an "outperform" rating and issued a $485.00 target price (up from $390.00) on shares of CrowdStrike in a report on Wednesday. KeyCorp reduced their price target on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 5th. Jefferies Financial Group upped their target price on shares of CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Susquehanna increased their price objective on shares of CrowdStrike from $425.00 to $530.00 and gave the company a "positive" rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $449.38.

Insider Activity at CrowdStrike

In related news, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction 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 sale, the chief executive officer now owns 2,192,610 shares of the company's stock, valued at $981,280,679.40. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction dated Friday, April 4th. The stock was sold at an average price of $324.16, for a total transaction of $2,026,000.00. Following the completion of the sale, the director now owns 768,092 shares in the company, valued at $248,984,702.72. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 211,681 shares of company stock valued at $87,081,236. 3.32% of the stock is owned by corporate insiders.

CrowdStrike Price Performance

CRWD traded up $2.38 during trading on Thursday, reaching $462.94. The stock had a trading volume of 6,174,926 shares, compared to its average volume of 5,159,008. The firm has a market capitalization of $114.75 billion, a price-to-earnings ratio of 907.74, a price-to-earnings-growth ratio of 17.86 and a beta of 1.22. CrowdStrike Holdings, Inc. has a 1-year low of $200.81 and a 1-year high of $491.20. The stock has a 50 day moving average of $410.85 and a two-hundred day moving average of $386.40. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data 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. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.11 billion. During the same period in the prior year, the company posted $0.93 earnings per share. CrowdStrike's revenue for the quarter was up 19.8% on a year-over-year basis. As a group, equities analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

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.