Twin Peaks Wealth Advisors LLC Increases Stake in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Twin Peaks Wealth Advisors LLC boosted its position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD - Free Report) by 134.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,415 shares of the company's stock after acquiring an additional 812 shares during the quarter. Twin Peaks Wealth Advisors LLC's holdings in CrowdStrike were worth $499,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. FSA Wealth Management LLC boosted its holdings in shares of CrowdStrike by 11.2% in the 4th quarter. FSA Wealth Management LLC now owns 228 shares of the company's stock valued at $78,000 after buying an additional 23 shares in the last quarter. Jacobi Capital Management LLC raised its stake in shares of CrowdStrike by 1.9% during the 4th quarter. Jacobi Capital Management LLC now owns 1,309 shares of the company's stock valued at $448,000 after buying an additional 25 shares during the last quarter. Dorsey & Whitney Trust CO LLC boosted its position in CrowdStrike by 1.4% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 1,974 shares of the company's stock worth $675,000 after purchasing an additional 27 shares in the last quarter. Wintrust Investments LLC increased its holdings in CrowdStrike by 4.2% in the fourth quarter. Wintrust Investments LLC now owns 719 shares of the company's stock valued at $246,000 after buying an additional 29 shares in the last quarter. Finally, Greenwich Wealth Management LLC boosted its position in CrowdStrike by 4.0% during the fourth quarter. Greenwich Wealth Management LLC now owns 776 shares of the company's stock worth $265,000 after purchasing an additional 30 shares in the last quarter. Hedge funds and other institutional investors own 71.16% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on CRWD shares. Wells Fargo & Company boosted their price objective on CrowdStrike from $430.00 to $550.00 and gave the stock an "overweight" rating in a research note on Monday, June 2nd. Bank of America restated a "neutral" rating and issued a $470.00 price objective (up previously from $420.00) on shares of CrowdStrike in a report on Wednesday, June 4th. Guggenheim reaffirmed a "neutral" rating on shares of CrowdStrike in a report on Wednesday, March 5th. Robert W. Baird decreased their price target on shares of CrowdStrike from $440.00 to $405.00 and set a "neutral" rating on the stock in a research note on Wednesday, March 5th. Finally, DA Davidson upped their price objective on shares of CrowdStrike from $415.00 to $530.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-eight have assigned a buy rating to the company's stock. According to data from MarketBeat, CrowdStrike currently has an average rating of "Moderate Buy" and a consensus target price of $453.17.

CrowdStrike Price Performance

Shares of CrowdStrike stock traded down $1.23 during midday trading on Monday, hitting $479.39. 2,694,693 shares of the company traded hands, compared to its average volume of 5,017,711. The firm's fifty day moving average price is $428.81 and its 200-day moving average price is $392.53. The stock has a market cap of $118.83 billion, a price-to-earnings ratio of 940.00, a PEG ratio of 17.86 and a beta of 1.16. CrowdStrike Holdings, Inc. has a 12 month low of $200.81 and a 12 month high of $491.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.86 and a current ratio of 1.86.

CrowdStrike (NASDAQ:CRWD - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.07. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.11 billion. CrowdStrike had a return on equity of 7.11% and a net margin of 3.39%. The firm's revenue was up 19.8% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. As a group, sell-side analysts forecast that CrowdStrike Holdings, Inc. will post 0.55 earnings per share for the current year.

Insider Activity at CrowdStrike

In related news, President Michael Sentonas sold 25,000 shares of the stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of $477.00, for a total transaction of $11,925,000.00. Following the completion of the transaction, the president now owns 422,204 shares in the company, valued at approximately $201,391,308. This represents a 5.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO George Kurtz sold 55,556 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $447.54, for a total value of $24,863,532.24. Following the completion of the sale, the chief executive officer now owns 2,192,610 shares in the company, valued at $981,280,679.40. This represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 247,861 shares of company stock valued at $104,770,558 over the last ninety days. Corporate insiders own 3.32% of the company's stock.

CrowdStrike Company 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.