StoneCrest Wealth Management Inc. Acquires 1,340 Shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

StoneCrest Wealth Management Inc. grew its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 21.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,476 shares of the company's stock after acquiring an additional 1,340 shares during the quarter. CrowdStrike accounts for about 1.7% of StoneCrest Wealth Management Inc.'s investment portfolio, making the stock its 26th largest holding. StoneCrest Wealth Management Inc.'s holdings in CrowdStrike were worth $2,636,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. FPC Investment Advisory Inc. increased its holdings in shares of CrowdStrike by 811.1% in the fourth quarter. FPC Investment Advisory Inc. now owns 82 shares of the company's stock worth $28,000 after acquiring an additional 73 shares in the last quarter. Crowley Wealth Management Inc. bought a new stake in shares of CrowdStrike in the fourth quarter worth about $34,000. Millstone Evans Group LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth about $34,000. ST Germain D J Co. Inc. increased its holdings in shares of CrowdStrike by 426.3% in the first quarter. ST Germain D J Co. Inc. now owns 100 shares of the company's stock worth $35,000 after acquiring an additional 81 shares in the last quarter. Finally, Bellwether Advisors LLC bought a new stake in shares of CrowdStrike in the fourth quarter worth about $37,000. 71.16% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CAO Anurag Saha sold 1,496 shares of the firm's stock in a transaction dated Friday, March 21st. The shares were sold at an average price of $358.62, for a total transaction of $536,495.52. Following the transaction, the chief accounting officer now directly 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Shawn Henry sold 2,547 shares of the firm's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $365.96, for a total transaction of $932,100.12. Following the transaction, the insider now directly owns 82,071 shares in the company, valued at approximately $30,034,703.16. This represents a 3.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 211,681 shares of company stock valued at $87,081,236 over the last ninety days. 3.32% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

CRWD has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on CrowdStrike from $418.00 to $450.00 and gave the stock an "overweight" rating in a report on Friday, February 28th. JMP Securities reiterated a "market outperform" rating and set a $500.00 price objective on shares of CrowdStrike in a report on Wednesday. Cantor Fitzgerald increased their price objective on CrowdStrike from $440.00 to $475.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. DA Davidson increased their price objective on CrowdStrike from $415.00 to $530.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, Scotiabank increased their price objective on CrowdStrike from $370.00 to $480.00 and gave the stock a "sector perform" rating in a report on Wednesday. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $450.43.

CrowdStrike Stock Performance

Shares of CRWD traded up $5.47 during trading hours on Friday, hitting $468.41. The company had a trading volume of 4,338,578 shares, compared to its average volume of 5,114,226. The firm has a market cap of $116.11 billion, a price-to-earnings ratio of 918.47, a PEG ratio of 17.86 and a beta of 1.22. The business has a fifty day moving average of $415.18 and a 200-day moving average of $388.02. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $491.20. 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 issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.07. The company 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%. The company's revenue was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.93 earnings per share. Equities analysts anticipate 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.