Perigon Wealth Management LLC Grows Holdings in CrowdStrike (NASDAQ:CRWD)

Perigon Wealth Management LLC raised its holdings in CrowdStrike (NASDAQ:CRWD - Free Report) by 7.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,697 shares of the company's stock after purchasing an additional 581 shares during the quarter. Perigon Wealth Management LLC's holdings in CrowdStrike were worth $3,066,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. E Fund Management Hong Kong Co. Ltd. lifted its position in CrowdStrike by 305.3% in the first quarter. E Fund Management Hong Kong Co. Ltd. now owns 77 shares of the company's stock valued at $27,000 after purchasing an additional 58 shares during the period. Sound Income Strategies LLC increased its position in CrowdStrike by 77.6% during the 1st quarter. Sound Income Strategies LLC now owns 87 shares of the company's stock worth $31,000 after purchasing an additional 38 shares during the period. Crowley Wealth Management Inc. purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Millstone Evans Group LLC purchased a new position in shares of CrowdStrike during the 4th quarter worth approximately $34,000. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of CrowdStrike by 426.3% in the 1st quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock valued at $35,000 after buying an additional 81 shares during the period. 71.16% of the stock is owned by hedge funds and other institutional investors.

CrowdStrike Stock Down 3.4%

Shares of CRWD traded down $17.24 during midday trading on Tuesday, reaching $492.07. 4,084,081 shares of the company were exchanged, compared to its average volume of 4,778,836. CrowdStrike has a 1-year low of $200.81 and a 1-year high of $516.62. The stock has a 50-day moving average price of $457.49 and a 200-day moving average price of $403.42. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market cap of $122.65 billion, a price-to-earnings ratio of -713.14 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 EPS for the quarter, topping the consensus estimate of $0.66 by $0.07. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.11 billion. CrowdStrike had a positive return on equity of 0.43% and a negative net margin of 4.17%. CrowdStrike's revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 EPS. Research analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the transaction, the chief executive officer owned 2,192,610 shares in the company, valued at $981,280,679.40. The trade was a 2.47% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Burt W. Podbere sold 16,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $436.88, for a total transaction of $6,990,080.00. Following the completion of the transaction, the chief financial officer directly owned 249,653 shares of the company's stock, valued at approximately $109,068,402.64. The trade was a 6.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 245,821 shares of company stock valued at $112,370,959. 3.32% of the stock is owned by company insiders.

Analyst Ratings Changes

CRWD has been the topic of a number of recent analyst reports. The Goldman Sachs Group upped their price objective on CrowdStrike from $389.00 to $530.00 and gave the stock a "buy" rating in a report on Tuesday, June 10th. Canaccord Genuity Group reaffirmed a "hold" rating and set a $475.00 price target (up from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Bank of America reiterated a "neutral" rating and issued a $470.00 price target (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Scotiabank boosted their price objective on shares of CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday, June 4th. Finally, Sanford C. Bernstein lowered shares of CrowdStrike from an "outperform" rating to a "market perform" rating and set a $371.00 target price on the stock. in a research report on Friday, June 6th. 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, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $453.88.

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.