Simplicity Wealth LLC Acquires 666 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Simplicity Wealth LLC boosted its position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 96.9% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,353 shares of the company's stock after buying an additional 666 shares during the quarter. Simplicity Wealth LLC's holdings in CrowdStrike were worth $477,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of CRWD. GAMMA Investing LLC boosted its stake in shares of CrowdStrike by 43.6% during the 1st quarter. GAMMA Investing LLC now owns 3,082 shares of the company's stock worth $1,087,000 after acquiring an additional 936 shares in the last quarter. Harbor Capital Advisors Inc. boosted its position in shares of CrowdStrike by 43.5% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,396 shares of the company's stock valued at $1,550,000 after purchasing an additional 1,332 shares during the period. Yousif Capital Management LLC increased its stake in CrowdStrike by 7.8% in the 1st quarter. Yousif Capital Management LLC now owns 29,954 shares of the company's stock worth $10,561,000 after purchasing an additional 2,176 shares in the last quarter. Parisi Gray Wealth Management raised its holdings in CrowdStrike by 50.6% during the 1st quarter. Parisi Gray Wealth Management now owns 4,842 shares of the company's stock worth $1,707,000 after buying an additional 1,626 shares during the period. Finally, International Private Wealth Advisors LLC purchased a new stake in CrowdStrike during the first quarter valued at about $237,000. 71.16% of the stock is owned by institutional investors and hedge funds.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $4.75 during mid-day trading on Thursday, reaching $481.73. The stock had a trading volume of 3,512,877 shares, compared to its average volume of 5,025,949. CrowdStrike Holdings, Inc. has a one year low of $200.81 and a one year high of $491.20. The firm has a market cap of $119.41 billion, a PE ratio of 944.59, a P/E/G ratio of 17.86 and a beta of 1.16. The firm's 50 day simple moving average is $422.55 and its 200 day simple moving average is $390.29. 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 (NASDAQ:CRWD - Get Free Report) last posted its quarterly 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. CrowdStrike had a net margin of 3.39% and a return on equity of 7.11%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter in the previous year, the company earned $0.93 earnings per share. The business's revenue was up 19.8% compared to the same quarter last year. On average, analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CRWD. BTIG Research restated a "buy" rating on shares of CrowdStrike in a report on Thursday, May 22nd. Citigroup reiterated an "outperform" rating on shares of CrowdStrike in a report on Monday, May 5th. BMO Capital Markets increased their price objective on CrowdStrike from $405.00 to $500.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Bank of America reaffirmed a "neutral" rating and set a $470.00 target price (up previously from $420.00) on shares of CrowdStrike in a research note on Wednesday, June 4th. Finally, Oppenheimer increased their price target 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. Two 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $453.17.

Insider Buying and Selling

In other CrowdStrike news, insider Shawn Henry sold 4,500 shares of CrowdStrike stock in a transaction on 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 transaction, the insider now directly owns 89,714 shares of the company's stock, valued at approximately $31,669,042. This trade represents a 4.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Michael Sentonas sold 25,000 shares of the 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 sale, the president now owns 422,204 shares of the company's stock, valued at $201,391,308. This trade represents a 5.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 252,361 shares of company stock valued at $106,359,058 over the last quarter. Corporate insiders own 3.32% of the company's stock.

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.