Pursue Wealth Partners LLC Has $7.53 Million Stock Position in CrowdStrike (NASDAQ:CRWD)

Pursue Wealth Partners LLC lowered its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,351 shares of the company's stock after selling 1,226 shares during the quarter. CrowdStrike comprises 4.5% of Pursue Wealth Partners LLC's investment portfolio, making the stock its 4th biggest holding. Pursue Wealth Partners LLC's holdings in CrowdStrike were worth $7,528,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Brighton Jones LLC raised its holdings in shares of CrowdStrike by 44.9% during the fourth quarter. Brighton Jones LLC now owns 7,803 shares of the company's stock valued at $2,670,000 after purchasing an additional 2,417 shares during the period. Bell Bank bought a new stake in CrowdStrike in the 4th quarter valued at about $247,000. FPC Investment Advisory Inc. raised its stake in CrowdStrike by 811.1% during the 4th quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after buying an additional 73 shares during the period. Marshall Investment Management LLC acquired a new position in CrowdStrike during the 4th quarter worth approximately $2,494,000. Finally, Wealthspire Advisors LLC boosted its holdings in CrowdStrike by 29.7% in the fourth quarter. Wealthspire Advisors LLC now owns 1,916 shares of the company's stock worth $656,000 after acquiring an additional 439 shares in the last quarter. 71.16% of the stock is owned by institutional investors.

CrowdStrike Price Performance

NASDAQ:CRWD traded down $5.66 during mid-day trading on Tuesday, hitting $486.15. 2,661,707 shares of the stock traded hands, compared to its average volume of 4,797,475. The business's 50-day moving average price is $442.88 and its 200 day moving average price is $397.93. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.21. The company has a market cap of $121.17 billion, a PE ratio of -704.57 and a beta of 1.16. CrowdStrike has a 12-month low of $200.81 and a 12-month high of $497.45.

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, topping the consensus estimate of $0.66 by $0.07. CrowdStrike had a negative net margin of 4.17% and a positive return on equity of 0.43%. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.11 billion. During the same quarter in the prior year, the firm posted $0.93 earnings per share. The business's quarterly revenue was up 19.8% on a year-over-year basis. On average, analysts expect that CrowdStrike will post 0.55 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CRWD. Sanford C. Bernstein lowered 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. Evercore ISI restated an "in-line" rating and set a $440.00 price target (down previously from $450.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Raymond James Financial reaffirmed an "outperform" rating and issued a $485.00 price objective (up from $390.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Roth Capital lifted their price objective on shares of CrowdStrike from $410.00 to $420.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Finally, Wedbush upped their target price on shares of CrowdStrike from $475.00 to $525.00 and gave the stock an "outperform" rating in a report on Tuesday, June 3rd. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and an average price target of $453.17.

Insiders Place Their Bets

In related news, President Michael Sentonas sold 25,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total value of $11,925,000.00. Following the completion of the transaction, the president now directly owns 422,204 shares in the company, valued at approximately $201,391,308. The trade was a 5.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sameer K. Gandhi sold 6,250 shares of the 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 directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. This represents a 0.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,060 shares of company stock worth $87,750,868 in the last ninety days. 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.