Milestone Asset Management LLC Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Milestone Asset Management LLC grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 86.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,380 shares of the company's stock after buying an additional 2,498 shares during the period. Milestone Asset Management LLC's holdings in CrowdStrike were worth $1,897,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CRWD. Norges Bank acquired a new position in CrowdStrike in the fourth quarter worth approximately $1,111,542,000. GAMMA Investing LLC grew its position in 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 buying an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC grew its position in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after buying an additional 1,017,678 shares during the last quarter. Raymond James Financial Inc. acquired a new position in CrowdStrike in the fourth quarter worth approximately $237,375,000. Finally, Voya Investment Management LLC grew its position in CrowdStrike by 43.5% in the fourth quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock worth $657,106,000 after buying an additional 582,471 shares during the last quarter. Institutional investors own 71.16% of the company's stock.

CrowdStrike Trading Down 0.0%

CRWD traded down $0.06 during mid-day trading on Thursday, hitting $460.50. The stock had a trading volume of 4,209,850 shares, compared to its average volume of 5,151,632. The stock's fifty day simple moving average is $410.85 and its 200-day simple moving average is $386.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86. The firm has a market capitalization of $114.15 billion, a price-to-earnings ratio of 902.96, 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.

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 the consensus estimate of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm's revenue was up 19.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 earnings per share. As a group, research analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current fiscal year.

Insider Activity

In related news, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the sale, the director now directly owns 29,500 shares of the company's stock, valued at approximately $14,425,500. The trade was a 25.32% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of the business's stock in a transaction that occurred on Friday, March 21st. The stock was sold at an average price of $358.62, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,681 shares of company stock valued at $87,081,236 in the last quarter. Company insiders own 3.32% of the company's stock.

Analyst Upgrades and Downgrades

CRWD has been the topic of several research analyst reports. JMP Securities reiterated a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a research report on Wednesday. Truist Financial reiterated a "buy" rating and set a $500.00 price objective (up from $450.00) on shares of CrowdStrike in a research report on Wednesday. Stifel Nicolaus lifted their price objective on shares of CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research report on Wednesday. Rosenblatt Securities lifted their price objective on shares of CrowdStrike from $450.00 to $515.00 and gave the stock a "buy" rating in a research report on Monday. Finally, Mizuho lifted their price objective on shares of CrowdStrike from $425.00 to $450.00 and gave the stock a "neutral" rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $449.38.

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.