Revolve Wealth Partners LLC Makes New $295,000 Investment in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Revolve Wealth Partners LLC purchased a new position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 836 shares of the company's stock, valued at approximately $295,000.

Several other institutional investors have also modified their holdings of the business. Norges Bank purchased a new position in shares of CrowdStrike in the 4th quarter valued at about $1,111,542,000. GAMMA Investing LLC increased its stake in CrowdStrike by 50,536.2% in the first quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock valued at $383,132,000 after purchasing an additional 1,084,506 shares during the last quarter. Pathstone Holdings LLC increased its stake in CrowdStrike by 379.0% in the fourth quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock valued at $440,116,000 after purchasing an additional 1,017,678 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in CrowdStrike during the fourth quarter worth approximately $237,375,000. Finally, Voya Investment Management LLC boosted its holdings in shares of CrowdStrike by 43.5% in the 4th quarter. Voya Investment Management LLC now owns 1,920,901 shares of the company's stock valued at $657,106,000 after buying an additional 582,471 shares in the last quarter. Institutional investors and hedge funds own 71.16% of the company's stock.

Wall Street Analysts Forecast Growth

CRWD has been the subject of a number of research reports. Stephens boosted their price target on shares of CrowdStrike from $450.00 to $540.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Cantor Fitzgerald upped their target price on CrowdStrike from $440.00 to $475.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Stifel Nicolaus boosted their price objective on CrowdStrike from $480.00 to $495.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Barclays set a $500.00 price objective on CrowdStrike in a report on Tuesday, June 3rd. Finally, Rosenblatt Securities boosted their price target on CrowdStrike from $450.00 to $515.00 and gave the company a "buy" rating in a research report on Monday, June 2nd. Two investment 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 company. According to MarketBeat, CrowdStrike currently has a consensus rating of "Moderate Buy" and an average target price of $450.43.

Insider Buying and Selling

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of the business's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $484.59, for a total transaction of $3,028,687.50. Following the completion of the sale, the director now owns 755,592 shares in the company, valued at $366,152,327.28. The trade was a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gerhard Watzinger sold 10,000 shares of CrowdStrike stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $489.00, for a total transaction of $4,890,000.00. Following the completion of the transaction, the director now directly owns 29,500 shares of the company's stock, valued at $14,425,500. This trade represents a 25.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 211,681 shares of company stock worth $87,081,236. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Trading Up 1.2%

NASDAQ CRWD opened at $468.41 on Monday. The stock has a market cap of $116.11 billion, a P/E ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.16. The company's fifty day simple moving average is $415.18 and its 200-day simple moving average is $388.50. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 52 week low of $200.81 and a 52 week high of $491.20.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 EPS for the quarter, topping analysts' consensus estimates 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 net margin of 3.39% and a return on equity of 7.11%. During the same quarter in the previous year, the business posted $0.93 EPS. The firm's revenue was up 19.8% compared to the same quarter last year. Equities research analysts predict that CrowdStrike Holdings, Inc. will post 0.55 EPS 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.

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