RMR Wealth Builders Grows Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

RMR Wealth Builders grew its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,611 shares of the company's stock after acquiring an additional 836 shares during the quarter. RMR Wealth Builders' holdings in CrowdStrike were worth $3,036,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Primoris Wealth Advisors LLC bought a new stake in shares of CrowdStrike during the 4th quarter worth approximately $2,166,000. OLD National Bancorp IN bought a new position in CrowdStrike during the 1st quarter worth $248,000. Arcadia Investment Management Corp MI grew its holdings in shares of CrowdStrike by 30.8% during the 4th quarter. Arcadia Investment Management Corp MI now owns 11,954 shares of the company's stock worth $4,090,000 after purchasing an additional 2,814 shares in the last quarter. Trifecta Capital Advisors LLC grew its holdings in shares of CrowdStrike by 2,140.3% during the 4th quarter. Trifecta Capital Advisors LLC now owns 8,961 shares of the company's stock worth $3,066,000 after purchasing an additional 8,561 shares in the last quarter. Finally, Delta Financial Group Inc. acquired a new stake in shares of CrowdStrike during the 4th quarter worth $336,000. Institutional investors and hedge funds own 71.16% of the company's stock.

Insider Activity

In related news, insider Shawn Henry sold 4,500 shares of the stock in a transaction dated Monday, March 17th. The stock was 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 $31,669,042. This represents a 4.78% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Anurag Saha sold 1,496 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now owns 36,165 shares of the company's stock, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 252,361 shares of company stock worth $106,359,058. 3.32% of the stock is currently owned by insiders.

CrowdStrike Stock Performance

Shares of NASDAQ:CRWD traded down $1.11 during midday trading on Friday, reaching $480.62. 2,608,585 shares of the company traded hands, compared to its average volume of 5,027,016. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.24. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $491.20. The firm 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's fifty day moving average price is $428.81 and its two-hundred day moving average price is $392.22.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CRWD. JPMorgan Chase & Co. raised their price objective on CrowdStrike from $418.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 28th. UBS Group reaffirmed a "buy" rating on shares of CrowdStrike in a research note on Tuesday, June 3rd. Robert W. Baird cut their price objective on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. JMP Securities reiterated a "market outperform" rating and issued a $500.00 target price on shares of CrowdStrike in a report on Wednesday, June 4th. Finally, Westpark Capital restated a "hold" rating on shares of CrowdStrike in a report on Thursday, June 5th. Two investment analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $453.17.

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.