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CrowdStrike (NASDAQ:CRWD) Holdings Raised by SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co

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Key Points

  • SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co increased its stake in CrowdStrike by 250.0%, acquiring an additional 13,676 shares, bringing its total holdings to 19,147 shares.
  • CrowdStrike's recent quarterly earnings showed a 19.8% increase in revenue year-over-year, with earnings per share of $0.73, surpassing analysts' expectations.
  • Currently, 71.16% of CrowdStrike's stock is held by institutional investors, reflecting strong interest and investment in the company.
  • Looking to export and analyze CrowdStrike data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co lifted its position in shares of CrowdStrike (NASDAQ:CRWD - Free Report) by 250.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,147 shares of the company's stock after buying an additional 13,676 shares during the quarter. CrowdStrike makes up 6.9% of SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's holdings, making the stock its 4th largest holding. SHEPHERD WEALTH MANAGEMENT Ltd LIABILITY Co's holdings in CrowdStrike were worth $6,753,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CRWD. Nuveen LLC purchased a new stake in CrowdStrike in the 1st quarter worth $595,766,000. Jennison Associates LLC lifted its stake in CrowdStrike by 21.1% in the 1st quarter. Jennison Associates LLC now owns 6,565,275 shares of the company's stock worth $2,314,785,000 after purchasing an additional 1,144,295 shares in the last quarter. GAMMA Investing LLC lifted its stake in CrowdStrike by 50,536.2% in the 1st quarter. GAMMA Investing LLC now owns 1,086,652 shares of the company's stock worth $383,132,000 after purchasing an additional 1,084,506 shares in the last quarter. Pathstone Holdings LLC lifted its stake in CrowdStrike by 379.0% in the 4th quarter. Pathstone Holdings LLC now owns 1,286,200 shares of the company's stock worth $440,116,000 after purchasing an additional 1,017,678 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in CrowdStrike by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 22,834,565 shares of the company's stock worth $8,051,011,000 after purchasing an additional 908,554 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on CRWD shares. Roth Capital boosted their target price on shares of CrowdStrike from $410.00 to $420.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Oppenheimer increased their price objective on shares of CrowdStrike from $410.00 to $520.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. JMP Securities reissued a "market outperform" rating and issued a $500.00 price objective on shares of CrowdStrike in a research report on Wednesday, June 4th. Bank of America reissued a "neutral" rating and issued a $470.00 price objective (up from $420.00) on shares of CrowdStrike in a research 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 research note on Tuesday, June 3rd. One equities research analyst has rated the stock with a sell rating, nineteen have given a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat, CrowdStrike presently has an average rating of "Moderate Buy" and a consensus price target of $461.17.

Read Our Latest Research Report on CrowdStrike

Insider Transactions at CrowdStrike

In other news, Director Denis Oleary sold 15,680 shares of the firm's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $468.93, for a total value of $7,352,822.40. Following the transaction, the director directly owned 36,906 shares of the company's stock, valued at approximately $17,306,330.58. This trade represents a 29.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Michael Sentonas sold 25,000 shares of CrowdStrike stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the transaction, the president directly owned 422,204 shares in the company, valued at $201,391,308. This trade represents a 5.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 214,414 shares of company stock valued at $101,484,738. Company insiders own 3.32% of the company's stock.

CrowdStrike Stock Performance

CRWD stock traded up $3.04 during midday trading on Friday, hitting $427.90. 2,232,543 shares of the stock traded hands, compared to its average volume of 3,719,330. The firm has a market cap of $106.65 billion, a P/E ratio of -620.14 and a beta of 1.13. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.85 and a quick ratio of 1.85. The stock's fifty day simple moving average is $473.60 and its 200-day simple moving average is $426.66. CrowdStrike has a 1-year low of $242.25 and a 1-year high of $517.98.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate 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 negative net margin of 4.17% and a positive return on equity of 0.43%. The company's revenue for the quarter was up 19.8% compared to the same quarter last year. During the same quarter last year, the business earned $0.93 earnings per share. On average, analysts expect that CrowdStrike will post 0.55 earnings per share for the current year.

CrowdStrike Profile

(Free Report)

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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Institutional Ownership by Quarter for CrowdStrike (NASDAQ:CRWD)

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