Tower Wealth Partners Inc. Purchases New Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Tower Wealth Partners Inc. purchased a new position in shares of CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 735 shares of the company's stock, valued at approximately $259,000.

A number of other hedge funds have also modified their holdings of the business. FSA Wealth Management LLC lifted its stake in CrowdStrike by 11.2% during the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock worth $78,000 after acquiring an additional 23 shares in the last quarter. Jacobi Capital Management LLC lifted its stake in CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock worth $448,000 after acquiring an additional 25 shares in the last quarter. Dorsey & Whitney Trust CO LLC lifted its stake in CrowdStrike by 1.4% during the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after acquiring an additional 27 shares in the last quarter. Wintrust Investments LLC lifted its stake in CrowdStrike by 4.2% during the 4th quarter. Wintrust Investments LLC now owns 719 shares of the company's stock worth $246,000 after acquiring an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC lifted its stake in CrowdStrike by 4.0% during the 4th quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after acquiring an additional 30 shares in the last quarter. 71.16% of the stock is currently owned by hedge funds and other institutional investors.

CrowdStrike Stock Performance

Shares of CRWD stock traded up $5.47 during midday trading 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 company's 50 day simple moving average is $415.18 and its 200 day simple moving average is $388.02. CrowdStrike Holdings, Inc. has a 52-week low of $200.81 and a 52-week high of $491.20. The stock 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 company has a debt-to-equity ratio of 0.24, a current ratio of 1.86 and a quick ratio of 1.86.

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, beating the consensus estimate of $0.66 by $0.07. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period last year, the business posted $0.93 EPS. The company's revenue was up 19.8% on a year-over-year basis. Research analysts anticipate that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current fiscal year.

Insider Buying and Selling at CrowdStrike

In other CrowdStrike news, Director Sameer K. Gandhi sold 6,250 shares of CrowdStrike stock in a transaction that occurred on Friday, April 4th. The stock was sold at an average price of $324.16, for a total value of $2,026,000.00. Following the transaction, the director now directly owns 768,092 shares in the company, valued at approximately $248,984,702.72. This trade represents a 0.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Anurag Saha sold 1,496 shares of CrowdStrike stock in a transaction that occurred on Friday, March 21st. The shares were 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 in the company, valued at approximately $12,969,492.30. This trade represents a 3.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 211,681 shares of company stock worth $87,081,236. 3.32% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus increased their target price on CrowdStrike from $480.00 to $495.00 and gave the stock a "buy" rating in a research note on Wednesday. Robert W. Baird reduced their price target on CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research report on Wednesday, March 5th. Oppenheimer increased their price target on CrowdStrike from $410.00 to $520.00 and gave the company an "outperform" rating in a research report on Wednesday. Royal Bank of Canada increased their price target on CrowdStrike from $500.00 to $510.00 and gave the company an "outperform" rating in a research report on Wednesday. Finally, DA Davidson increased their price target on CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research report on Wednesday. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $450.43.

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.