Merit Financial Group LLC Grows Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Merit Financial Group LLC grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 30.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,390 shares of the company's stock after buying an additional 1,019 shares during the period. Merit Financial Group LLC's holdings in CrowdStrike were worth $1,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. FPC Investment Advisory Inc. boosted its stake in CrowdStrike by 811.1% during the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the period. Crowley Wealth Management Inc. acquired a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. Millstone Evans Group LLC acquired a new stake in shares of CrowdStrike during the fourth quarter worth about $34,000. Bellwether Advisors LLC purchased a new position in CrowdStrike in the fourth quarter worth approximately $37,000. Finally, WealthTrak Capital Management LLC purchased a new position in CrowdStrike in the fourth quarter worth approximately $39,000. 71.16% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total value of $536,495.52. Following the sale, the chief accounting officer now directly owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Shawn Henry sold 4,500 shares of the business's stock in a transaction dated 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 completion of the sale, the insider now owns 89,714 shares in the company, valued at $31,669,042. This represents a 4.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 211,681 shares of company stock worth $87,081,236. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

Shares of NASDAQ CRWD traded up $5.47 during trading on Friday, hitting $468.41. 4,338,578 shares of the company were exchanged, compared to its average volume of 5,114,296. The company has a market cap of $116.11 billion, a price-to-earnings ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 1 year low of $200.81 and a 1 year high of $491.20. The firm's fifty day moving average price is $415.18 and its 200 day moving average price is $388.29. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of recent research reports. DZ Bank downgraded shares of CrowdStrike from a "strong-buy" rating to a "strong sell" rating and set a $370.00 price target for the company. in a research note on Thursday, May 22nd. Cantor Fitzgerald lifted their price target on shares of CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. lifted their price target on shares of CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th. Guggenheim reissued a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Finally, Jefferies Financial Group raised their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock a "buy" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus price target of $450.43.

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.