Opinicus Capital Inc. Raises Stock Holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Opinicus Capital Inc. increased its stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 56.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,560 shares of the company's stock after acquiring an additional 1,287 shares during the period. CrowdStrike makes up approximately 1.1% of Opinicus Capital Inc.'s investment portfolio, making the stock its 27th biggest position. Opinicus Capital Inc.'s holdings in CrowdStrike were worth $1,255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. FPC Investment Advisory Inc. lifted its stake 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 last quarter. Crowley Wealth Management Inc. purchased a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. Millstone Evans Group LLC purchased a new stake in shares of CrowdStrike in the 4th quarter valued at approximately $34,000. ST Germain D J Co. Inc. lifted its position in CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after buying an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC purchased a new stake in CrowdStrike in the 4th quarter worth approximately $37,000. 71.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on CRWD shares. Sanford C. Bernstein lowered shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 price target on the stock. in a research note on Friday, June 6th. Needham & Company LLC raised their price target on shares of CrowdStrike from $420.00 to $530.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Oppenheimer raised their price target on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. KeyCorp reduced their price objective on shares of CrowdStrike from $480.00 to $450.00 and set an "overweight" rating for the company 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, June 4th. Two 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 company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $453.17.

CrowdStrike Stock Down 0.2%

CRWD stock traded down $1.11 during mid-day trading on Friday, reaching $480.62. The company had a trading volume of 2,608,585 shares, compared to its average volume of 5,027,016. 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 company has a market capitalization of $119.13 billion, a price-to-earnings ratio of 942.41, a price-to-earnings-growth ratio of 17.86 and a beta of 1.16. The firm has a fifty day simple moving average of $428.81 and a 200 day simple moving average of $392.22. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, beating analysts' consensus estimates of $0.66 by $0.07. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The business's revenue for the quarter was up 19.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.93 EPS. Analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In related news, CAO Anurag Saha sold 1,496 shares of the company's stock in a transaction on Friday, March 21st. The stock was sold at an average price of $358.62, for a total value of $536,495.52. Following the completion of the transaction, the chief accounting officer now directly owns 36,165 shares in the company, valued at approximately $12,969,492.30. This represents a 3.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the company's stock in a transaction on Friday, April 4th. The shares were sold at an average price of $324.16, for a total value of $2,026,000.00. Following the completion of the transaction, the director now owns 768,092 shares of the company's stock, valued at $248,984,702.72. The trade was a 0.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 252,361 shares of company stock worth $106,359,058. 3.32% of the stock is currently owned by insiders.

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.