Parisi Gray Wealth Management Increases Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Parisi Gray Wealth Management grew its holdings in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 50.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,842 shares of the company's stock after buying an additional 1,626 shares during the period. Parisi Gray Wealth Management's holdings in CrowdStrike were worth $1,707,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in CrowdStrike by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 21,926,011 shares of the company's stock valued at $7,502,204,000 after purchasing an additional 342,294 shares in the last quarter. Geode Capital Management LLC increased its position in shares of CrowdStrike by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 5,018,441 shares of the company's stock valued at $1,712,063,000 after acquiring an additional 124,984 shares in the last quarter. Norges Bank bought a new stake in shares of CrowdStrike during the fourth quarter valued at approximately $1,111,542,000. Northern Trust Corp raised its holdings in CrowdStrike by 16.6% in the 4th quarter. Northern Trust Corp now owns 2,271,722 shares of the company's stock worth $777,292,000 after acquiring an additional 324,136 shares during the last quarter. Finally, FMR LLC lifted its position in CrowdStrike by 15.0% in the 4th quarter. FMR LLC now owns 2,204,171 shares of the company's stock valued at $754,179,000 after acquiring an additional 287,960 shares in the last quarter. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Trading Up 1.2%

Shares of CrowdStrike stock opened at $468.41 on Monday. CrowdStrike Holdings, Inc. has a fifty-two week low of $200.81 and a fifty-two week high of $491.20. The company has a fifty day moving average of $415.18 and a 200 day moving average of $388.50. 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 $116.11 billion, a P/E ratio of 918.47, a P/E/G ratio of 17.86 and a beta of 1.16.

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CRWD shares. Sanford C. Bernstein lowered 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 note on Friday. BTIG Research reiterated a "buy" rating on shares of CrowdStrike in a research report on Thursday, May 22nd. Piper Sandler increased their target price on CrowdStrike from $400.00 to $505.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. BMO Capital Markets boosted their price target on CrowdStrike from $405.00 to $500.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Evercore ISI reiterated an "in-line" rating and issued a $440.00 price objective (down previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have given a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike has a consensus rating of "Moderate Buy" and a consensus target price of $450.43.

Insider Activity

In other news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction that occurred on Monday, March 17th. The shares were 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 directly owns 89,714 shares in the company, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction that occurred on Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the completion of the transaction, the chief accounting officer now owns 36,165 shares in the company, valued at $12,969,492.30. The trade was a 3.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 211,681 shares of company stock valued at $87,081,236 in the last quarter. Insiders own 3.32% of the company's stock.

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.

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