685 Shares in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) Acquired by Moss Adams Wealth Advisors LLC

Moss Adams Wealth Advisors LLC acquired a new stake in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 685 shares of the company's stock, valued at approximately $242,000.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CRWD shares. Susquehanna lifted their target price on shares of CrowdStrike from $425.00 to $530.00 and gave the stock a "positive" rating in a report on Wednesday, June 4th. Sanford C. Bernstein downgraded shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price for the company. in a research report on Friday. Oppenheimer increased their price target on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. BMO Capital Markets lifted their price objective on CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Cantor Fitzgerald increased their target price on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $453.17.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the stock in a transaction 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 owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $484.59, for a total transaction of $3,028,687.50. Following the transaction, the director now directly owns 755,592 shares of the company's stock, valued at $366,152,327.28. The trade was a 0.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock worth $87,081,236 over the last ninety days. Company insiders own 3.32% of the company's stock.

CrowdStrike Price Performance

CRWD traded up $3.26 during trading hours on Tuesday, hitting $467.65. The company's stock had a trading volume of 2,467,677 shares, compared to its average volume of 5,094,238. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $491.20. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. The business's 50-day moving average price is $417.04 and its 200-day moving average price is $389.15. The stock has a market cap of $115.92 billion, a price-to-earnings ratio of 916.98, a P/E/G ratio of 17.86 and a beta of 1.16.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last posted 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 net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the previous year, the firm posted $0.93 EPS. The business's quarterly revenue was up 19.8% on a year-over-year basis. Sell-side analysts expect that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

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.